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Opportunity to buy and sell shares on the same day, approval for intraday trading

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Opportunity to buy and sell shares on the same day, approval for intraday trading
The Bangladesh Securities and Exchange Commission (BSEC) has approved the introduction of intraday trading, or the opportunity to buy and sell shares on the same day, to make the country's capital market more dynamic and modern. As a result, subject to meeting specified conditions, investors will be able to buy and sell shares on the same day.

This information was provided in a press release signed by BSEC Executive Director and Spokesperson Md. Abul Kalam on Tuesday (July 14).

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The press release stated that the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) have been given consent to introduce scrip netting or intraday trading, subject to completing all necessary preparations, with the aim of making the country's capital market transaction system more efficient, dynamic, and modern.

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However, this facility is not being launched immediately. The system will be implemented according to specified conditions after completing necessary technical preparations, infrastructure development, and following regulations.

Currently, the DSE has a T+2 settlement system in place. As a result, after buying any share, one usually has to wait two working days to sell it. On the other hand, for Z category shares, it takes up to three working days to sell.

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According to market stakeholders, the introduction of intraday trading will increase liquidity in the market, speed up transactions, and create opportunities for investors to apply new investment strategies. At the same time, they believe it will further align the country's capital market with international standard transaction systems.

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