DSE grants FIX certification to five more brokerage houses

The Dhaka Stock Exchange (DSE) PLC has awarded FIX certification to five more brokerage houses, paving the way for them to launch their own Order Management Systems (OMS) through API connectivity.

The newly certified firms are Emperor Securities & Wealth Management Ltd, Global Securities Ltd, Md Fakhrul Islam Securities Ltd, SIBL Securities Limited, and Stock & Bond Limited.

DSE Chief Technology Officer Asifur Rahman handed over the certificates to the brokerage houses at a ceremony held at the DSE boardroom on Wednesday.

With the latest additions, the total number of brokerage houses that were awarded FIX certification has risen to 66. Of them, 56 houses have already gone live with their own OMS through API connectivity after receiving the certification.

The DSE took the initiative to launch the API-based Broker House Order Management System (BHOMS) in 2020, after which 93 brokerage houses applied for API connectivity with the Nasdaq matching engine to trade through their own order management systems.

The FIX (Financial Information eXchange) certification allows brokerage houses to connect their proprietary trading platforms directly to the exchange’s matching engine, enabling faster and more efficient order execution for investors.

Source: The Business Standard