Dhaka Stock Exchange starts trading after two-hour delay due to technical glitch

Trading at Dhaka Stock Exchange has started after about two-hour delay due to a technical glitch.

The floor opened at 12:10pm instead of the regular 10am on Wednesday, week’s fourth trading day.  

“Trade was delayed due to a technical glitch,” DSE spokesperson Shafiqur Rahman told bdnews24.com.

He said trading hours had been extended until 4:10pm instead of the regular 2:30pm closure.

However, the spokesperson was unable to say what caused the technical glitch or whether it was server problem again. 

Earlier, on May 24-25, trading was put on hold for hours after the Tk 935.8 million server, installed in December last year, failed at the premier bourse.

The software procured from international vendor NASDAQ, a US-based equities exchange that expanded to become a financial technology, trading and information services provider, failed to coordinate data on trading and matured shares to the main server, halting the trade.

DSE official Nizam U Ahmed, who headed the project to procure the software to automate the bourse, told bdnews24.com at the time they would be sitting with vendors to find a way out.

He added they never had such major glitches before and that the only major incident they had in the past was 70 brokers being locked out of the trading floor for 14 minutes.