Market Status: Closed
Tuesday, 17 Jul '18
   06:01:22 (BST)

Inside CSE

Background

The Chittagong Stock Exchange (CSE) began its journey in 10th October of 1995 from Chittagong City through the cry-out trading system with the promise to create a state-of-the art bourse in the country.

Founder members of the proposed Chittagong Stock Exchange approached the Bangladesh Government in January 1995 and obtained the permission of the Securities and Exchange Commission on February 12, 1995 for establishing the country's second stock exchange. The Exchange comprised of twelve Board members, presided by Mr. Amir Khosru Mahmud Chowdhury (MP) and run by an independent secretariat from the very first day of its inception.

CSE was formally opened by then Hon'ble Prime Minister of Bangladesh on November 4, 1995.

Vision

Aspire a Global Standard Transaction Place of Securities and Financial Product in Bangladesh.

Mission

Practice a set of core values to build competency in compliance, diversification and technology so that an accessible platform, market confidence and wealth maximization scope can be ensured.

Core values

  • Value for people
  • Transparency
  • Excellence
  • Harmony
  • Integrity
  • Commitment
  • Integrity

Objectives

  • Increase business turnover
  • Modernize trading system
  • Ensure effective relationship management
  • Achieve high level of confidence & professionalism
  • Engage in product and market diversification
  • Contribute to capital market policy development
  • Ensure exchange related quality services

MILESTONES

12th February 1995 Received approval of Bangladesh Government
1st April 1995 Incorporated as a limited company
10th October 1995 Introduced Floor Trading
1st January 1996 Became corresponding member of World
Federation of Exchanges (Former FIBV)
2nd June 1998 Introduced Automated Trading on WAN
16th January 2000 Convened South Asian Federation of Exchange (SAFE)
26th January, 2004 Central Depository Bangladesh Ltd. (CDBL) formed
30th May, 2004 Internet Trading Service launched (ITS)
4th July, 2004 Introduced Over-the-Counter (OTC) market
14th July, 2004 CSE initiates the idea of Securities Institute by raising formal proposal
14th Dec, 2005 Organises Capital Market Fair- First of its kind in the country
10th March, 2007 Introduced Comprehensive Training Program on Stock Market for investors, professionals and others. First of its kind in the country
12th June, 2007 Submission to BSEC of draft Regulatory Framework on Financial Derivatives
18th October, 2008 CSE became a member of OIC Member States' Stock Exchange Forum
28th Nov, 2010 CSE signed a contract with Millennium IT Software Ltd. and Polaris Software Lab Ltd for Next Generation Trading System (NGTS)
13th Jan, 2011 Execution of trade of Short Sell under the Regulations
11th Sep, 2011 Signing of agreement for launching electronic fund transfer through Bangladesh Electronic Fund Transfer Network (BEFTN)
20th October,2011 Introduced Next Generation Trading System (NGTS) and the new website
22nd July, 2012 CSE launched Disaster Recovery System (DRS)
28th October, 2013 Became affiliate member of World Federation of Exchanges(WFE)
3rd November, 2013 Settlement Cycle reduced to T+2 from T+3
21st November 2013 CSE started its new journey as a demutualized exchange
15th February, 2014 1st Board Meeting of CSE as a demutualized exchange was held
12th October, 2014 CSE launched CSE Shariah Index and CSE-50 Benchmark Index
22-23 October, 2014 Organised Internet Trade Fair- First of its kind in the country

LEGAL BASIS

After demutualization the Chittagong Stock Exchange Ltd (CSE) is registered as a Public Limited company under Companies Act, 1994. The Board, headed by elected Chairman from the Independent Directors, consist of 13 members comprising 7 Independent Directors, 5 Shareholder Directors including 1 Strategic Investor and the Managing Director.

CSE activities are regulated by its own Memorandum & Articles of Association, regulations and by laws along with the rules, order and notifications of the Bangladesh Securities and Exchange Commission (BSEC).