DSE Imposes Monthly Fee for Mobile Trading App

Industry: Financial, Stock Brokerage, Stock Market
Company: Dhaka Stock Exchange (DSE)
Company Intelligence Tag: Business Insights

The Dhaka Stock Exchange (DSE) has faced backlash after announcing the reintroduction of a monthly charge of Tk 125 per user for its mobile trading app, DSE-Mobile, starting from January 1, 2024. Investors, stockbrokers, and market analysts have criticized the decision, stating that it will burden retail investors and pose challenges for stockbrokers in managing clients. Some brokers may choose to subsidize the charge, creating a mismatch between costs and expected revenues. The DSE had previously attempted to impose a similar fee in 2018 but rescinded the decision due to widespread opposition. Critics argue that the charge will discourage small investors from accessing market updates, potentially dissuading them from entering the stock market altogether. Suggestions have been made to reduce the fee to a more affordable amount, given the current market situation and the composition of retail investors in the capital market.

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