The Chittagong Stock Exchange (CSE) has launched the sixth edition of its two-day Certificate Training Course on Commodity Derivatives, aiming to prepare market professionals for the country's upcoming commodity exchange. The training, held at the Multipurpose Hall of the Bangladesh Securities and Exchange Commission (BSEC), brought together representatives from CSE, the Dhaka Stock Exchange (DSE), TREC holders, and other capital market stakeholders.
Inaugural Remarks and Key Speakers
The course was inaugurated by BSEC Commissioner Md. Nafiz Al Tariq, CFA, FRM, who commended CSE for its efforts to establish Bangladesh's first commodity exchange. Also present were CSE Managing Director M. Saifur Rahman Majumdar, FCA, FCMA, BSEC Executive Director and Spokesperson Md. Abul Kalam, and senior officials from both the commission and the stock exchange.
Importance of Commodity Derivatives
In his address, Commissioner Nafiz Al Tariq stressed the importance of launching the commodity exchange under the existing market structure. He noted that CSE had completed most of the required work, and BSEC had given policy approval to expedite the remaining tasks. He expressed optimism that Bangladesh's first commodity exchange would begin operations soon through cash-settled futures contracts.
CSE's Vision for the Commodity Market
CSE Managing Director M. Saifur Rahman Majumdar highlighted the necessity of developing other segments of the financial market beyond the equity market. He described a commodity derivatives exchange as a timely necessity for Bangladesh and mentioned that the regulatory and technological framework for launching commodity derivatives had already been completed.
Preparing for the Future
Majumdar added that efforts were now focused on preparing intermediaries and developing the overall market ecosystem. CSE has organized several training and awareness programs over the past three years to develop skilled market professionals who will operate commodity exchange trading terminals. He expressed hope that the complete commodity exchange framework would go live within the next few months.
BSEC's Role and Future Prospects
BSEC Executive Director and Spokesperson Md. Abul Kalam noted that most of the groundwork for establishing the commodity derivatives market had been completed jointly by BSEC and CSE. He highlighted the opportunities and challenges of introducing commodity derivatives in Bangladesh and urged market participants to prepare for this new chapter in the country's capital market.
