SEC introduces Surveillance software to check manipulation

The Securities and Exchange Commission (SEC) on Monday launched new
surveillance software in a bid to bring stability in the country’s
stock markets.

 

“New surveillance software will help the share market regulator to
bring stability in the stock markets ensuring transparency and
accountability,” said Finance Minister AMA Muhith after the
inauguration on Monday.

 

He also said I am hopeful that the Dhaka and Chittagong stock
exchanges will introduce new index calculation soon.
“The new surveillance software will enable the SEC to bring stability
in the market he added.

 

Today the Securities and Exchange Commission (SEC) launched new market
surveillance software in order to ensure transparency and
accountability in market operation.

The news software will be able to detect 30 to 40 manipulative
activities — short sale, circular trading, price manipulation and
insider trading. The software will send message on the software screen
through three signals as green, yellow and red.

 

The SEC installed the software under ‘Capital Market Development
Programme financed by Asian Development Bank (ADB) and government
financial support.

“Government measures, taken to bring normalcy in the market will be
implemented gradually,” said SEC chairman M Khairul Hossain.  Hossain
also through this software SEC will be able to protect investor’s
interest ensuring transparency and accountability in the market
operation.