Shakil Rizvi Stock awarded DSE FIX certification
Published on: 2022-02-28T15:33:41.454642900
News Source: The Daily Sun
Shakil Rizvi Stock Ltd has received FIX Protocol Connection Certification from Bangladesh Securities and Exchange Commission (BSEC) at DSE Tower in the capital on Wednesday.
The FIX Certification is the fourth stage of introducing OMS and this certification is awarded as a confirmation of having adequate knowledge on OMS by the brokerage firms.
The OMS was built up jointly by Kingdom Technology and Asian Tiger Capital Partners, said a press release.
Commissioner of BSEC Dr Shaikh Shamsuddin Ahmed handed over the certificate to Shakil Rizvi Stock Ltd Managing Director Md Shakil Rizvi in the capital on Wednesday.
Other higher officials of BSEC, DSE and Shakil Rizvi Stock Ltd were also present at the event.
Shaikh Shamsuddin Ahmed expressed his desire to build a market which will be active 24/7 round the clock.
The DSE officials said all brokerage firms will be allowed to purchase their own OMS software from any vendor as per their choice to reduce pressure on the DSE's OMS.
The Kingdom Technology and AT Capital team said that the OMS built by them is currently being used in majority of the brokerage firm in China and has all the modern up-to-date features to connect the customers digitally.
The engagement with domestic, foreign and NRB clients will be more vibrant with these initiatives.
Such digital engagement will facilitate more trade. Currently in China 95 per cent trade happens through either online or mobile app whereas in Bangladesh the number is very negligible.
To make the market more engaging, separate OMS is a very prudent initiative taken jointly by relevant regulatory bodies.