Committee to probe technical glitches in DSE website
The 6-member committee will submit a report to the regulator within seven working days
The Bangladesh Securities and Exchange Commission (BSEC) has formed a 6-member expert committee to probe recent technical flaws that occurred in the Dhaka Stock Exchange website and trading systems.
Sources said the committee, formed on Monday, will identify the reasons and effects, and the people who should be held liable for the malfunctions.
Besides, the committee will also recommend ways to prevent the appearance of such difficulties in the future.
Keep updated, follow The Business Standard's Google news channel
The committee will complete the inquiry and submit a report to the regulator within seven working days.
Dhaka Stock Exchange will provide all necessary support to the inquiry committee during the investigation.
Dr Md Mustafizur, professor of Dhaka University's computer science and engineering (CSE) department, will convene the committee while Md SohidulIsalm, an assistant director of the BSEC, will act as the secretary.
The other members of the committee are Dr Muhammad Asif Hossain Khan, professor of Dhaka University's CSE department, Dr Md Shariful Islam, professor of Dhaka University's Institute of Information and Technology, Rajib Ahmed, a director of the BSEC, and Mohammed Nazrul Islam, a deputy director of the BSEC.
Regulator sources said the market has lost its normal momentum due to technical flaws.
Earlier, investors had been facing trouble while trading on the DSE website for several days due to increased trading in the stock market.
In addition, the DSE software was taking a long time to take orders of buying and selling stock.
Amid this situation, the DSE launched a new website and started trading through it from Wednesday last.
Although the DSE announced the new website would be user-friendly and responsive, investors claimed that they have been facing trouble accessing it since its launch.
On Thursday last, the BSEC called the managing director of the DSE for this reason, urging him to solve the problem between Friday and Saturday.
The BSEC also handed over a show-cause letter to the DSE managing director on that day.
