CSE to help Dhaka Stock Exchange launch new products

Calcutta Stock Exchange will help its Dhaka counterpart to introduce new asset class in the stock exchanges in the neighbouring country.
The two bourses signed a MoU here today for sharing best practises and knowledge.
"We have only cash segment in our bourse and now we are planning to introduce new products like derivatives and other exchange traded funds. The MoU with CSE will help us gain knowledge in this segment," Dhaka Stock Exchange managing director Swapan Kr Bala said here today.
"Though we operate under different laws of our respective countries, there is common history and objective... To share a common platform for disseminating knowledge in the stock exchange business," CSE managing director & CEO B Madhav Reddy said.

Both the exchanges felt the need for greater regional cooperation and collaboration for mutual benefit.
Bala said that in December Securities and Exchange Board of India chairman is slated to visit Dhaka at an invitation of Bangladesh Securities and Exchange Commission.

Meanwhile, Bala said China Kunming International Logistics & Finance Association is pitching for formation of Pan Asia Stock Exchange.
Reddy said CSE had received an invitation to join but it was too early to evaluate and decide on it.
Moreover, it has priority to fulfill the norms to help it re-start its trading platform C-Star which is closed since last two years.

In the Pan Asia Stock Exchange, South Asian Federation of Exchanges, Chittagong Stock Exchange, Dhaka Stock Exchange Ltd, Lahore Stock Exchange Ltd, Myanmar Oriental Bank, Colombo Stock Exchange and Royal Securities Exchange of Bhutan are reported to have shown some early interest, Bala said.