PRESS RELEASE
CSE PRESIDENT UTTERED THE NEED FOR DERIVATIVE
PRODUCTS TO PROVIDE HEDGING TOOLS TO THE INVESTORS AND LIQUIDITY IN
THE CASH MARKET
Dhaka, June 22, 2007:
CSE President Mr. MKM Mohiuddin has uttered the
need for derivative products to provide hedging tools to the
investors and to provide liquidity in the cash market while
inaugurating a 4-day long training and certification program on
derivatives this morning at BRAC INN, Dhaka, jointly organized by
Chittagong Stock Exchange and the National Stock Exchange of India
Ltd. (NSE, India).
In his inauguration speech, he told that in the
present scenario, introduction of such products would surely
increase the confidence of the investors as well the cash market. In
his speech he also hoped that this training, designed for the market
operators will help prepare the brokers as well the exchange for
introducing derivative products.
More than fifty participants from CSE broker
firms and other market intermediaries are attending the course. Mr.
Arup Mukherjee, Assistant Vice President of NSE India is conducting
the course. In his speech, he said derivatives are the must products
for Risk Management while investing in the stock market, and when
there is any derivative on a stock, it increases the liquidity of
that stock in the cash market resulting in the overall liquidity in
the market.
Mr. A. B. Siddique, Chief Executive Officer of
the Exchange while speaking on the occasion said that this course is
the outcome of our series of awareness seminars on familiarizing
derivatives in our market. This course will put us one step forward
towards introducing derivatives in our market. Our market is ready
and it became the need of the time to standardize our market with
international standards. Mr. Abdul Mutaleb, General Manager-
Systems, was also present in the program.
The
derivative products, which do not exist at all in our stock market,
are the most popular investment instruments for the corporate
investors as well as for individuals in the developed countries in
India, Pakistan etc
