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Dhaka Stock Exchange to launch T+2 trading cycle today

DSEDhaka Stock Exchange (DSE) will launch the reduced trading cycle T+2 today (Wednesday) by replacing the existing T+3 to increase the liquidity flow in the capital market, officials said.

“The DSE is pleased to declare 16th April 2014 as the effective date for T+2 settlement cycle as per the new 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,” the DSE said through a statement.

After the introduction of the T+2 trading cycle, the buyers will receive shares and the sellers will get cheques two days after the transactions are executed.

Presently, an investor gets cheque against his sale order after three days of executing his sale order.

The proposed T+2 trading cycle is going to be launched Wednesday (today) following a long discussion on the merits and demerits of the reduced cycle.

The stakeholders, however, supported the T+2 stating that the liquidity flow will be increased in the market as the settlement period will reduced by one day.

Meanwhile, the port city bourse Chittagong Stock Exchange (CSE) introduced the T+2 trading cycle on November 3, 2013.

Source: Financial Express

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