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Dhaka Stock Exchange becomes permanent of World Federation of Exchanges
Dhaka Stock Exchange has secured a permanent membership of the World Federation of Exchanges, the global platform of securities and exchange industries.
Published : 2 July 2017, 03:34 PM
Updated : 2 July 2017, 03:34 PM
The WFE approved the membership on Jun 6 this year, the DSE said in a statement on Sunday.
“DSE will now be globally known and play a greater role in attracting foreign investors,” it said.
Having been an associate member, Bangladesh's premier bourse applied for permanent membership in January 2015. The WFE board cleared the application in July last year.
The WFE formed a team with its head of research and public policy and representatives of Six Swiss Exchange, Colombo Stock Exchange and Nigerian Stock Exchange to review the DSE bid.
During a two-day visit to Bangladesh in February this year, the team inspected DSE over factors such as automation, trading operation, risk management, post-trading clearing and settlement.
The World Federation of Exchanges, formerly the Federation Internationale des Bourses de Valeurs, is the trade association of 67 publicly regulated stock, futures, and options exchanges.
Its market operators are responsible for operating the key components of the financial world. Based in London, it was founded in 1961.
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