DSE to install software to detect abnormal trade

The Dhaka Stock Exchange (DSE) is set to introduce state-of-the-art surveillance software in the next three months, which would enable the bourse to faultlessly identify manipulative stock trading.
The premier bourse yesterday signed an agreement with Trapets AB of Sweden and its local partner CIBL Technology Consultants to develop and install the surveillance software by February of next year.
Musharraf M Hussain, chief executive of DSE, Gunnar Wexell, chairman of the board of Trapets AB, and Muhammad Mohbub Hussain, managing director of CIBL, signed the deal on behalf of their organisations.
DSE officials said the key feature of the new software will be the automatic alert system for abnormal buy or sell positions taken by the investors.
The present software's alert function is very weak and the surveillance team often ends up doing it manually, the officials said.
The existing one will also remain operative after installation of the newly developed surveillance software, they said.
After the signing ceremony, DSE president Rakibur Rahman said the new software is aimed at strengthening the surveillance and monitoring system of the market.
“The surveillance will be stronger after introduction of the new software,” he said.