The Dhaka Stock Exchange introduces today the T+2 trading cycleat the bourse scrapping its existing T+3 trading cycle — five months after the launching by the Chittagong Stock Exchange. According to a DSE release issued on Tuesday, along with the effective date for T+2 trading cycle, provisions on TREC-holder’s margin under the Dhaka Stock Exchange (Settlement of Transactions) Regulations, 2013 and Dhaka Stock Exchange (TREC-holder’s margin) Regulations, 2013 will be effective on April 16.
The interim demutualisation board of the DSE in January this year decided to introduce the T+2 settlement cycle, in which shares will be matured for selling in two trading sessions after purchase, by February. But, the bourse delayed the process due to a legal requirement. The port city bourse of the country, CSE, on November 3 last year introduced the T+2 settlement cycle.
Source :: The New Age
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