CSE has organized a comprehensive workshop on Exchange Traded Fund (ETF) for CSE employees simultaneously in Chittagong, Dhaka & Sylhet through Skype Conference.
The workshop was encored by CSE MD Mr. M. Shaifur Rahman Mazumder, FCA, FCMA and conducted by Mr. Kamal Uddin Jalal, Head of Product Development. The workshop was very interactive and detail discussion on prospects, various and global examples. After long session the following suggestions raised by the different departments head of CSE.
In order to make the ETF as a vibrant new product, settlement cycle should be reduced. The reduced settlement cycle will work as a motivation for investors regarding frequent creation and redemption of ETF units. Same script netting should be allowed for Market Makers. Because market maker can creates liquidity. Market Makers are indispensable for creating liquidity for any product or segment or market.
CSE MD appreciated BSEC’s initiative for successful completion of ETF projects. He is also excited to start trading of a new product like ETF in CSE in near future with CSE’s popular indices.