Online treading in bangladesh

This is the first, fast and furious Bangladeshi business blog where we talk about Bangladeshi brands and businesses from a consumer experience perspective. We appreciate their good actions, criticize their false promises, expose their internal malpractices, evaluate their accomplishments, business strategies and propose ideas for better branding, better business and protection of our (consumer) rights in the process.

For those interested in the 'poised for growth' stock markets in Bangladesh, check out the websites of Dhaka Stock Exchange and Chittagong Stock Exchange. Both the websites are full of information, as they are supposed to be, and offer updated price information of issues every 30 minutes. The quality of the websites are below standard and the information could be better organized and better presented.

Trading insturctions are still executed mostly by being physically at the broker premises or over telephone. The broker systems are online, connected to the central trading software, but the request still is generated by brokers, NOT by investors themselves. There is still no mechanism where the websites of the stock exchanges could be ready to take online instructions as well. NRBs would be really benefitted had there been such mechanisms in place. Media, Military and Expats--are the major drivers for change these days. So bringing in more NRB investments in our stock exchanges would increase its liquidity. Already people are gearing up to embrace shares from telecom companies, foreign banks should follow suit. Just for your information, get ready to grab a piece of the IPO cakes from BFIC (10th June), Phoenix Finance and Investment Ltd. (24th June), International Leasing and Financial Services Ltd. (1st July), Trust Bank (15th July) and Paramount Insurance Company Ltd. (29th July).

SIGMA ONLINE

Sigmarobots (OSTA) Online Stock trading Application is dynamic internet based trading system for Brokerage houses and Merchant banks. The system incorporates a  browser based client interface via internet for clients to place order. The orders are accumulated in the brokerage server and placed dynamically in front of the designated Authorized representatives to place order in the Exchange Order interface( Tesa Terminals ). After orders are executed the Authorized Representatives can manually confirm the trades either partial or   filled orders. 
OSTA also provides the client interface with a Ledger , Portfolio, Stock Report , Future Order Report  and a dynamic order management system. The system also supports multiple account viewing under one client login. 
The Administration panel is specifically designed for the brokerage house to maintain and view orders. The Admin panel consists of user registration and access control , client order submission time management, Order receiving interface(today’s, previous and future), client messaging system, multi-user client management and news submission features.
OSTA features can be optimized and modified according to client requirements. All ledger, balance and stock information for OSTA should be interconnected with a compatible back office system used by the brokerage house. Sigma robots also provides  SBIA (Sigma Back Office Intregation Application) for synchronizing the back office of the brokerage house with  OSTA . The synchronization usually happens after trading hours so the client can see the updated portfolio, ledger and stock reports online.
OSTA is capable of giving email and sms signals for portfolio accounts . The system can also be integrated to Sigma Market Analysis software for Technical and Fundamental Analysis on client portfolio as designated by the brokerage house.

Online Trading Currency 

online treading

Dhaka to trim its 'sensitive list' under SAFTA pact

Bangladesh is working on downsizing the sensitive list by 246 items for the least developed countries (LDCs) and 248 ones for the non-LDCs under the SAFTA (South Asian Free Trade Area) pact, trade officials said. "We have in principle decided to shorten the sensitive list. But everything will depend on negotiations and approaches taken by other members of the regional trade bloc at a meeting to be held in Nepal this month," a Ministry of Commerce (MoC) official told the FE Thursday seeking anonymity.

Taj Hashmi in the first part of his two-part review A report by the Government of Bengal in the 1930s revealed that a poor peasant from Mymensingh district in eastern Bengal (Bangladesh since 1971) had told a land revenue official in 1929: "My father, Sir, was born in debt, grew in debt and died in debt. I have inherited my father's debt and my son will inherit mine." Following the introduction of microcredit, glorified as microfinance by its local and international promoters, if the situation has improved with regard to the lot of the rural masses in Bangladesh, especially poor women, is an important question today.

The revenue board has decided to review the country's international agreements in a bid to reduce the gross tax exemption facilities. The board feels that the facilities that have been in place without proper assessment are causing substantial amount of revenue loss to the government. The decision came after the board detected the existence of tax exemption provisions in different international agreements that were incorporated without prior approval of the National Board of Revenue (NBR), a senior revenue board official told the FE. 

August 28 (Reuters): Emerging economies should find other ways to buffer themselves from global crises than stockpiling U.S. government debt, a prominent economist argued on Saturday. U.S. Treasuries and the debt of other advanced nations may be liquid, but it is far from safe, Cornell University professor Eswar Prasad said in a paper presented to a group of central bankers gathered here.

Internet users of the country are not benefiting from the cutback on bandwidth charges while service providers say it has "little impact" on their maintenance costs. The present government slashed the bandwidth charge of per Mbps for the third time from Tk 12,000 to Tk 10,000 in order to expand internet penetration and spread the network to the grassroots level. It first brought down the prices to Tk 17,400 from Tk 28,000 in January 2009 when it swept to power in an absolute majority.

Sale of merchandise including clothing across the country during the last leg of holy month of Ramadan is expected to touch to Tk 100 billion, according to shop owners. "On an average, the daily sale of essential commodities including new clothes, food items and household utensils has reached around Tk 10 billion since the 20th Ramadan," said General Secretary of Bangladesh Dokan Malik Samity (Shop Owners' Association) S. A. Qader Kiron said. This year's sale is lower compared to the last year, he said, citing bad weather and price hike of the products. Mr Kiron said that although devaluation of local currency against US Dollar pushed up the prices, the people's purchasing capacity hasn't increased. He said incessant rain over the last week and the dilapidated condition of roads prevented shoppers from crowding the shopping outlets

In a bold move, the insurance regulator has suspended the provision for giving 'discounts' to big corporate bodies. The measure is expected to help strengthen the financial position of the non-life insurance companies, some insiders observed. Many general insurance companies have been struggling to survive in the face of fast rising rates of discounts on premiums under pressure from big insurance clients, sources said. Industry insiders said the new decision by the regulator on its proper implementation, will ensure additional premium earnings to the tune of around Tk 15 billion annually for the non-life insurance companies.

In a bold move, the insurance regulator has suspended the provision for giving 'discounts' to big corporate bodies. The measure is expected to help strengthen the financial position of the non-life insurance companies, some insiders observed. Many general insurance companies have been struggling to survive in the face of fast rising rates of discounts on premiums under pressure from big insurance clients, sources said. Industry insiders said the new decision by the regulator on its proper implementation, will ensure additional premium earnings to the tune of around Tk 15 billion annually for the non-life insurance companies

Accurate and reliable statistics is vital in effective decision making, be it for power sector, population census or any other issue and whether it be undertaken by government or non-government organisation. Actually accurate data are the eyes of administration of any country and faulty data simply influence wrong decision-making. But, many a time, data in our country lack credibility.  

world online treading

Order submission for share trade through online will be a revolutionary concept in our country. This online order submission system will bring a radical change to the whole share market concept in Bangladesh. As our country is going through a digital era, StockBangladesh.Com is the first company in Bangladesh to provide real time share trade facilities to the investors. With these sophisticated IT infrastructure and skilled professionals, StockBangladesh.Com is the top most institute in regard to share market information. StockBangladesh.Com now developed an Online Market Order system where we provide online trade facility to the broker houses. Account holders of those broker houses can enjoy the online order facility though StockBangladesh.Com site. 

DSE to introduce online trading

Dhaka Stock Exchange will introduce internet-based trading system within six months to expedite stock trading.

‘For a fast moving market, it is needed to introduce the system,’ DSE president Rakibur Rahman told reporters after a meeting with the US ambassador James F Moriarty at the bourse’s auditorium Tuesday.

‘We’ll try to introduce the internet-based trading system by six months,’ he said.

Internet-based or online trading system means buying and selling stocks by giving the order though internet, usually on a broker’s form. In this system, buy or sale confirmation is done by mail or e-mail.

The DSE president said the settlement period would also be reduced to one day from existing three days if commercial banks launch online money transaction from one bank to another by December in compliance of the central bank’s directive.

On Monday, Bangladesh Bank issued a circular that said from now onwards the subscribers would be able to pay utility bills online from their bank accounts and also transfer funds to other banks. It added that transactions between buyers and sellers can also take place online, enabling e-commerce facilities in the country.

Through the online trading system, anybody can observe the market situation on the internet and place buy and sale order through one’s respective broker.

Quoting the US ambassador the DSE chief said, ‘He appreciated the development of the Bangladesh stock market and called to enhance transparency and accountability in the market to protect the small investors’ interest.’

Bangladesh speaks out against online Forex Trading

The Central bank of Bangladesh formally warned investors to stay clear of Forex Trading.

The banks press release stated, “Foreign currency can be purchased or sold only through dealers or money changers authorised by Bangladesh Bank. So the forex trading by another entity or person is illegal and punishable crime,”

Legislation states that only authorised people/ brokers can transaction FX under the Foreign Exchange Regulation Act 1947. The bank regulates FX and only licensed dealers and money exchangers to run such business.

The stock market had a lengthy bull run in the last five years as it doubled during a market boom in 2009/2010. The index was trading around 2400 in 2008 and rocketed to 5300 in May 2010.The market has come with a touch of volatility; 2010 was considered a boom year for investors, although a record fall in December created massive panic among those who had put their money in stocks. There was hardly any investor who made losses in 2010. The stock market witnessed a manifold boom – the price index, turnover, market capitalisation and its ratio to GDP (gross domestic product), and the number of new arrivals both in terms of issues and investors. The Dhaka market ranked third globally in terms of performance, according to an analysis of LankaBangla Securities.

online treading

2011 saw an even bigger hit for the bourse, the market fell an astonishing 600 points and investors caused havoc on the streets of Dhaka forcing temporary closure of the exchange.

At its peak the stock market has daily trade volume of $428 million. Margin FX has been gaining interest from investors who have been burnt by the local stock market, online training on local stocks has triggered interest in the use of online platforms and MetaTrader 4 is popular amongst the countries FX traders.

Sending money out of the country has always been an issue and traders opt for payment methods such us World Pay, the new restrictions will make it more difficult for traders.

Bangladesh’s neighbour India has also been official outlawing Forex, 2011 saw the RBI make 3 specific announcements on the asset class.

Bangladesh Online Business Training Course For Forex Trading

Bangladesh Online Business Training Course For Forex Trading is developed by BdForex.Info.

This training course guarantees your forex business success.

Although business is for profit and loss, but if you follow my training instruction, then i can guarantee that you will surely make profit.

Besides bangladesh online business training course, we also offer online job training course for freelance job.

 Stock trading in Bangladesh can lead to tremendous investments with some diligent stock research before trading stock. Online trading stock capabilities in many stock exchanges has opened the door to offshore investing opportunities for nationals, and is attracting opportunities for investments from internationally focused businesses, investment companies and private investors. Trading stock online enables investors to find the best investments in stocks and shares anywhere in the world. 

ICB Securities Trading Company Ltd. (ISTCL)

ICB Securities Trading Company Limited (ISTCL) is a subsidiary of Investment Corporation of Bangladesh (ICB) under the provisions contained in Section-2 of the Companies Act, 1994. It was formed as a part of the restructuring programme of ICB under Capital Market Development Programme (CMDP) initiated by the Govt. of Bangladesh (GOB) and the Asian Development Bank (ADB) and in terms of power conferred in the ICB Ordinance. The company was incorporated with the Registrar of Joint Stock Companies and Firms under the Companies Act 1994 on 05 December 2000. The company obtained license from the Securities and Exchange Commission on 12 August 2002 to carry on the stock brokerage business. The company started its operation on 13 August 2002 upon the issuance of gazette notifications by the Government. The company is being operated pursuant to its own Memorandum and Articles of Associations, SEC's Rules and regulation and other applicable laws. It has independent Board of Directors and separate management.  

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