Island Securities to launch own OMS

Island Securities Limited is going to introduce its own order management system (OMS) in an effort to ensure a hassle-free share transaction for its clients.

Quant FinTech Ltd will provide the needed technological facility to the company, said a press release on Tuesday.

According to the release, an agreement was signed between the two companies to facilitate the transaction management system.

Under the agreement, Quant FinTech will provide the qTrader order management system, an automated trading platform, for customers of Island Securities Limited to execute transactions.

This will enable customers of Island Securities to trade directly on stock exchanges from anywhere in the world.

The qTrader is the first world-class OMS (order management system) developed by Bangladeshi entrepreneurs, which has already received certification from the Dhaka Stock Exchange.

Island Securities Limited is one of the top brokerage firms of Dhaka Stock Exchange and Chittagong Stock Exchange.

Island Securities Limited Managing Director Mohammad Mohiuddin and Finance Director Mohammad Nakim Uddin Nishad attended the agreement-signing ceremony while Quant FinTech Ltd was represented by Director Md Jabed Hossain and Director Md Ahsan Ullah Raju.