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 Feb 1995 Bangladesh Government approved CSE
1st April, 1995 Incorporated as a limited company
10th October 1995 Floor Trading Started
1st January 1996 Became corresponding member of WFE
2nd June 1998 CSE becomes the First Bourse to Introduce Automated and Online Trading System in Bangladesh
16th January 2000 Convened SAFE
26th January, 2004 Central Depository Bangladesh Ltd. (CDBL) opens- CSE plays a key role
30th May, 2004 Introduction of real time Internet Trading Service- first time in Bangladesh
26th September CSE introduced Trade Settlement through EFTN
20th October, 2011 Introduction of Next Generation Trading System (NGTS)
21st November, 2013 CSE became a demutualized Exchange

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).