CSE Launches 6th Certificate Course on Commodity Derivatives
The Chittagong Stock Exchange (CSE) PLC today launched the sixth edition of its two-day Certificate Training Course on Commodity Derivatives at the Multipurpose Hall of the Bangladesh Securities and Exchange Commission (BSEC), aiming to prepare market professionals for the country's upcoming commodity exchange. The training programme brought together representatives from CSE, the Dhaka Stock Exchange (DSE), TREC holders and other capital market stakeholders, said a press release.
It was inaugurated by BSEC Commissioner Md. Nafiz Al Tariq, CFA, FRM. Among others present were CSE Managing Director M. Saifur Rahman Majumdar, FCA, FCMA, BSEC Executive Director and Spokesperson Md. Abul Kalam, and senior officials of the commission and the stock exchange. In his inaugural address, Commissioner Md. Nafiz Al Tariq commended CSE for its dedicated efforts to establish Bangladesh's first commodity exchange.
He stressed the importance of launching the exchange under the existing market structure and said CSE had already completed most of the required work, while BSEC had given policy approval to expedite the remaining tasks. Nafiz Al Tariq expressed optimism that Bangladesh's first commodity exchange would begin operations in the near future through cash-settled futures contracts. Although the two-day course could only provide a basic understanding of the commodity market, it would serve as a foundation for participants to deepen their knowledge and prepare themselves for active participation in the market, he noted.
Delivering the welcome address, CSE Managing Director (MD) M. Saifur Rahman Majumdar said strengthening the equity market alone would not be sufficient, and other segments of the financial market must also be developed to establish a comprehensive capital market. He described a commodity derivatives exchange as a timely necessity for Bangladesh. Majumdar said the regulatory and technological framework for launching commodity derivatives had already been completed, while the technological infrastructure for equity derivatives was also in place.
He added that efforts were now focused on preparing intermediaries and developing the overall market ecosystem. As part of that process, CSE has organised several training and awareness programmes over the past three years to develop skilled market professionals who will eventually operate commodity exchange trading terminals. He expressed hope that the complete commodity exchange framework would go live within the next few months. BSEC Executive Director and Spokesperson Md. Abul Kalam said most of the groundwork for establishing the commodity derivatives market had already been completed jointly by BSEC and CSE. Sharing his experience of being directly involved in the initiative from the beginning, he highlighted the opportunities and challenges of introducing commodity derivatives in Bangladesh and urged market participants to prepare themselves to take part in this new chapter of the country's capital market.
