What Dhaka Stock Exchange does

Dhaka Stock Exchange PLC (DSE) is Bangladesh's principal regulated securities exchange, operating under the oversight of the Bangladesh Securities and Exchange Commission (BSEC). Founded in 1952 and restructured as a public limited company following the Exchanges Demutualization Act 2013, DSE provides the primary venue for equity, debt, and government securities trading in Bangladesh, with a total market capitalization of approximately Tk 6,925,267.93 mn (~$63B) as of June 2026 and a DSEX benchmark index at 5,652.82 points.

The exchange's core technology infrastructure is built on Nasdaq's matching engine with FIX protocol API connectivity, supplemented by a TIA-942 Rated-3 certified data center at the new DSE Tower facility. DSE operates multiple platforms serving distinct market segments: the main board with DSEX, DSES (Shariah-compliant), and DS30 indices; the DSE-SME platform and DSE-ATB (Alternative Trading Board) for smaller companies; and an OTC market. Supporting products include IPO processing, government securities trading, clearing and settlement (via CDBL), market data services (MDS/EOD), a mobile service, and a Training Academy. As of June 2026, DSE has issued FIX protocol certification to 61 brokerages, of which 53 operate live proprietary Order Management Systems connected to the exchange's matching engine.

DSE generates revenue through a hybrid model combining listing fees and annual maintenance fees from listed companies, transaction fees on every trade executed through the exchange, subscription-based data services (real-time MDS and end-of-day data), and growing SME listing revenues. Its go-to-market operates through TREC holder brokerages as distribution channels, direct enterprise sales to listed companies, and partnerships with bodies such as DCCI and IIX to expand issuer and product reach (Orange Bonds, Sukuk, ESG/SSE initiatives). DSE is headquartered at the Stock Exchange Building in Motijheel, Dhaka, with a secondary operational base at DSE Tower in Nikunja-2, and serves retail investors, institutional investors, foreign investors, brokerages, and corporate issuers exclusively within the Bangladeshi market.

Name

Dhaka Stock Exchange

Legal name

Dhaka Stock Exchange PLC

Website

https://dsebd.org

Company type

Public

Founded year

1954

Operating status

Operating

Headcount range

251–500 employees

Short description

Dhaka Stock Exchange PLC is Bangladesh's principal regulated securities exchange, providing trading, listing, and clearing infrastructure for equities, debt, and government securities under BSEC oversight, powered by a Nasdaq matching engine and FIX protocol APIs serving listed companies, brokerages, and investors.

Ownership category

akta.pro rank

Product category

Securities Exchange Services

NAICS

Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (5232), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Primary Listing Stock Exchanges (FSAFAAAA)

akta.pro secondary industries

Multi-Asset Electronic Trading Platforms (FSAFANAH), Government Bond (Sovereign) Trading Platforms (FSAFACAA), Retail Multi-Asset Exchanges (FSAFAEAA)

Keywords

• Securities exchange
• Equity listing
• Capital markets
• IPO services
• Market data

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales, Others

Revenue model

1. Listing Fees and Annual Fees: DSE charges companies listing fees and annual maintenance fees for continued listing on the exchange. Companies pay based on authorized capital and type of listing.
2. Transaction Fees: DSE earns transaction fees on every trade executed through the exchange, typically charged as a percentage of trade value from brokerages.
3. Data Services: DSE sells market data including real-time quotes (MDS), end-of-day data (EOD), and historical data to market participants and data vendors.
4. SME Listing Promotion: DSE partners with DCCI to promote SME listings, creating new revenue streams through SME equity listings.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Dhaka Stock Exchange PLC operates Bangladesh's principal regulated stock exchange, providing a transparent marketplace for equity, debt, and government securities trading. The exchange offers listing services for companies seeking public capital, electronic trading infrastructure powered by a Nasdaq matching engine, FIX protocol API connectivity for brokerages, clearing and settlement services through CDBL, and market data products (MDS and EOD). Additional services include the DSE-SME board, Alternative Trading Board (ATB), OTC Market, IPO processing, government securities trading, and the DSE Training Academy.

Product overview

Dhaka Stock Exchange PLC operates as Bangladesh's primary stock exchange, offering a comprehensive trading platform with equity, debt, and government securities products. The platform comprises the main exchange with DSEX, DSES, and DS30 indices, the SME board (DSE-SME), and Alternative Trading Board (DSE-ATB) for smaller companies, plus an OTC market. Core infrastructure includes FIX Protocol-based API connectivity for brokerages, a Nasdaq matching engine, DSE Data Services (MDS/EOD) for market data, and DSE Mobile for mobile access. Supporting services include DSE Training Academy, IPO services, Government Securities trading, and clearing & settlement operations.

Differentiator

Problem solved

Functional benefit

Brands

• DSE-SME: SME board platform for small and medium enterprises listing
• DSE-ATB
• DSE Training Academy
• OTC Market

Products and services

• DSE-SME Platform Dedicated platform for Small and Medium Enterprises (SME) to list equity securities and access capital markets on DSE. Provides an alternative listing venue tailored for smaller companies seeking growth capital.
• DSE-ATB (Alternative Trading Board) Alternative Trading Board platform for SME securities trading, providing a separate trading venue for smaller-cap companies on DSE.
• OTC Market Over-the-counter (OTC) market segment operated by DSE for trading securities not listed on the main exchange board.
• IPO Services Initial Public Offering services including IPO applications, lottery results, allotment on pro-rata basis, and digital processing through Central Digital Submission System (DSS). Targeted at companies seeking to list publicly on the exchange.
• DSE Training Academy Training academy offering professional development programs including the Master of Applied Finance and Capital Market program in partnership with Bangladesh Institute of Capital Market (BICM). Designed for capital market professionals, investors, and stakeholders seeking formal finance education.
• DSE Data Services (MDS/EOD) Market data products including Market Data Service (MDS/iMDS) for real-time quotes and End-of-Day (EOD) data services. Targeted at data vendors, financial information providers, brokers, and institutional investors requiring market data feeds.
• DSE Mobile Service Mobile application providing access to DSE trading and market information via smartphones, enabling investors to monitor market data and trading activity on the go.
• Government Securities Trading Trading platform for government bonds and treasury bills offering G-Sec functionality with connectivity to Bangladesh Bank systems for mark-to-market, yield to maturity curves, and auction calendars.
• FIX Protocol Trading FIX protocol-based API trading service enabling certified brokerages to connect proprietary Order Management Systems (OMS) directly to DSE's Nasdaq matching engine. Enables low-latency, automated trade execution for institutional and retail brokerage clients.
• Clearing and Settlement Services Post-trade clearing and settlement services for trades executed on DSE, integrated with Central Depository Bangladesh Limited (CDBL) for electronic share registration, settlement, and investor portfolio management.

Quantifiable outcome

• FIX protocol certified 61 brokerages with 53 live proprietary OMS platforms
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Impact Investment Exchange (IIX)coreStrategic or Co-development Partner · 15 February 2026DSE and IIX signed MoU to collaborate on introducing and promoting Orange Bonds and Sukuk in Bangladesh's capital market. Under the agreement, DSE will explore facilitating the listing of Orange capital instruments under a dedicated sustainable finance category, subject to regulatory approvals. The initiative positions Orange instruments (symbolizing UN SDG 5 on gender equality) as credible thematic debt securities.
• Dhaka Chamber of Commerce and Industry (DCCI)coreGTM or Marketing Partner · 28 October 2025DCCI and DSE signed MoU to promote SME listings and enhance Bangladesh's capital market. The initiative aims to attract investors, facilitate SME financing, and develop innovative financial products to support economic growth.
• Central Depository Bangladesh Limited (CDBL)coreTechnology or IntegrationCDBL provides central depository services for DSE-listed securities including electronic share registration, settlement, and investor portfolio management. DSE website provides links to CDBL complaint modules and services.
• Bangladesh Securities and Exchange Commission (BSEC)coreOthersBSEC is the regulatory authority overseeing DSE operations. DSE operates under BSEC rules and regulations including listing regulations, TREC holder regulations, and settlement rules.
• NasdaqcoreTechnology or IntegrationDSE utilizes Nasdaq matching engine technology for its trading platform, providing low-latency trade execution and advanced order matching capabilities for brokerages.
• Global Reporting Initiative (GRI)minorStrategic or Co-development PartnerDSE collaborates with GRI on sustainability reporting standards, participating in the SSE (Sustainable Stock Exchange) initiative and providing GRI training and guidance for listed companies.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Chittagong Stock Exchange: Bangladesh's only other licensed securities exchange, headquartered in Chattogram. It operates as a direct competitor to DSE for listings, trading members, and order flow within Bangladesh, making it the closest functional peer.

Broad incumbents

• National Stock Exchange of India (NSE): India's largest exchange by turnover and a demutualized public company. It is the dominant regional incumbent with multi-asset derivatives, comparable in product scope to DSE but vastly larger and more diversified.
• BSE (Bombay Stock Exchange): Asia's oldest stock exchange, now a demutualized listed entity offering equity, debt, derivatives, and SME platforms. Comparable as a multi-asset South Asian exchange that has also built an SME board.
• Bursa Malaysia: Demutualized and publicly listed Malaysian exchange operating equity, derivatives, and Islamic (Shariah-compliant) platforms. Relevant given DSE's emerging Shariah/sustainable finance thrust and similar demutualized structure.
• Stock Exchange of Thailand: Thailand's primary listed company exchange, offering equities, derivatives, and exchange-traded funds. Comparable as a larger ASEAN benchmark for what a demutualized Asian exchange can scale into.

Regional players

• Pakistan Stock Exchange: Demutualized South Asian exchange serving Pakistan, listed on its own platform. Comparable as a frontier-market, demutualized, publicly listed national exchange with similar regulatory and structural dynamics.
• Colombo Stock Exchange: Sri Lanka's principal exchange, demutualized and partially listed. Comparable in scale and product mix as a frontier South Asian equity venue with similar reliance on retail and foreign flows.
• Philippine Stock Exchange: Demutualized and publicly listed Philippine equity exchange. Comparable as a frontier/emerging Asian demutualized exchange with similar revenue mix of listing and transaction fees.
• Ho Chi Minh Stock Exchange: Vietnam's principal stock exchange, currently undergoing demutualization and product expansion. Comparable as an emerging Asian equity venue navigating similar transition and regulatory modernization themes.

Others

• Central Depository Bangladesh Limited (CDBL): Bangladesh's only central securities depository, tightly integrated with DSE for settlement and investor accounts. Not a competitor but an enabling infrastructure partner whose performance directly affects DSE's trading experience.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/DhakaStockBazar

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dhaka Stock Exchange