The Bangladesh Securities and Exchange Commission (BSEC) has awarded the country's first commodity exchange licence to the Chittagong Stock Exchange (CSE).
State Minister for Commerce Ahsanul Islam Titu handed over the relevant documents for the licence to CSE chairman Asif Ibrahim at the BSEC office in Dhaka on Wednesday, said a press release.
BSEC Chairman Professor Shibli Rubayat-Ul-Islam and Central Depository Bangladesh Limited (CDBL) Chairman Sheikh Kabir Hossain were also present at the event. Before getting the licence, the stock exchange was unable to allocate investments for IT infrastructure, product selection and market model specification, among others. The CSE has already selected three IT consultants - MIT of Sri Lanka, Intellect Design of India and Chella Software of India. After receiving the licence, CSE will now appoint these consultants.
