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Server glitch halts Bangladesh stock trading
DHAKA, Jul 31, 2012 (Xinhua via COMTEX) --
Bangladesh's stock market
authorities Tuesday suspended trading on the county's two bourses
including premier Dhaka Stock Exchange (DSE) due to technical
glitch in server of the key service provider.
Spokesman of Bangladesh's stock market regulator Saifur Rahman
has confirmed to Xinhua about trading suspensions.
He said the decision came as trading could not be settled on
the stock exchanges on Monday due to the server problem of the
Central Depository Bangladesh Limited (CDBL).
CDBL provides services to the Bangladesh Capital Market,
covering settlement of trades on the Dhaka and Chittagong Stock
Exchanges as well as settlement of OTC (Over-the-counter)
transaction of Treasury Bills and Government Bonds issued by the
Bangladesh Bank.
Authorities decided to keep the transaction suspended until the
technical glitch in the software for electronic share transaction
is fixed, said Rahman of the Securities and Exchange Commission (
SEC), the capital market regulator.
He said, "We've been informed that the glitch in server will
soon be resolved to help resume trading on both bourses."
CDBL was formed on August 20, 2000 and was sponsored by state-
owned banks, Investment Corporation of Bangladesh, private local
and foreign banks, merchant banks, publicly listed companies,
insurance companies and Dhaka and Chittagong stock exchanges in
collaboration with the Asian Development Bank.
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UPDATED 2:31 AM EST - Jun 18, 2013
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