Market Status: Closed
  Monday, 25 Nov '24
   18:51:19 (BST)

  Market Status: Closed
  Monday, 25 Nov '24
   18:51:19 (BST)

CSE submits the draft rules of the first commodity exchange in Bangladesh

11 October, 2022, Dhaka:

 

Chittagong Stock Exchange PLC (CSE) has submitted the Draft Rules of setting up the first ever commodity exchange in Bangladesh.

 

Today, the draft rules have been handed over to Prof. Shibli Rubayat Ul Islam, Chairman BSEC by CSE Chairman Mr. Asif Ibrahim. Major (Retd.) Emdadul Islam, Director, CSE was also present at the event.

 

Based on the interactive feedback and multiple brainstorming sessions between CSE and MCX core teams and recent onsite visit of the MCX team at CSE, BSEC & other relevant stakeholders; Multi Commodity Exchange of India (MCX) as the project consultant, has framed the draft BSEC Rules pertaining to the commodity derivatives segment conforming to the clause 3 & 4 (workstreams/milestones) of the consultancy agreement signed between CSE & MCX on 12 April 2022 for the establishment of first ever commodity exchange in Bangladesh.

 

The draft Rule (proposed to be divided in two phases) for creating and developing a market that does not exist today has been expectantly submitted before the Commission for kind perusal and feedback.

               

It is mentionable that, Chittagong Stock Exchange PLC (CSE) had successfully completed the first initiative within 06 months’ time after signing the MOU with the project consultant Multi Commodity Exchange of India (MCX).

For Details:

 

Tania Begum

Sr. Officer

CSE-P&CR

Cell: 01760745736

| October 11, 2022 |
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