Chittagong Stock Exchange (CSE) has received the commodity exchange license from the Bangladesh Securities and Exchange Commission (BSEC) after four months of rule publication, marking a significant milestone. CSE’s establishment of Bangladesh’s first-ever commodity exchange is hailed as a game-changer for the country’s capital market. Before obtaining the license, CSE faced challenges in investing in IT infrastructure and selecting products. With three IT consultants appointed and a memorandum of understanding signed with the Multi Commodity Exchange of India (MCX), CSE is poised to commence operations, initially focusing on non-delivery cash settlements for gold, cotton, and crude oil. The launch is expected to enhance transparency, prevent over/under-invoicing in imports and exports, and introduce a fair market for derivatives contracts. The rules mandate a minimum paid-up capital of Tk 400 crore and ensure stringent criteria for directors and shareholders. Compliance with these regulations ensures a fair and efficient trading environment.
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