DHAKA, Nov 26, 2025 (BSS) - The Dhaka Stock Exchange PLC (DSE) today inaugurated the “Regulatory Submission Module and CSE Onboarding” within its Smart Submission System (SSS) at the Multipurpose Hall of DSE Tower in the city. 

This development marks a significant milestone in the digital transformation of Bangladesh's capital market, said a press release.

The SSS, which was developed using the DSE's own technological capabilities under the guidance and supervision of the Bangladesh Securities and Exchange Commission (BSEC), initially launched successfully on February 12, 2024. 

The system creates opportunities for the smooth, secure, and real-time submission of documents and publications in the capital market.

The formal inauguration event was presided over by DSE Chairman Mominul Islam, with BSEC Commissioner Md. Saifuddin, CFA, attending as the chief guest. The event was attended by managing directors, company secretaries, and chief financial officers of listed companies.

The new module and DSE onboarding are considered the next phase of DSE’s digital capability and a continuation of its journey towards full digital transformation.

DSE Chairman Mominul Islam emphasized that this is a historic day for the capital market, as it achieves a crucial milestone in strengthening digital connectivity with stakeholders.

Starting immediately, price sensitive information, regulatory reports, financial statements, and necessary documents can be submitted entirely through the digital platform, and the method of hard copy submission has been completely canceled.

Mohammad Asadur Rahman FCS, DSE's Chief Operating Officer (COP) and Acting Managing Director, stated that this system allows listed companies and market-related stakeholders to submit documents online directly from their offices, eliminating the need to submit physical documents. 

“This is expected to increase efficiency, transparency, and dynamism in market operations. The core objective of this digitalization is to reduce official complexities and the need for frequent visits for issuers,” he added.

Md. Kaysar Hamid, Executive Committee Member of BAPLC, noted that for a long time, companies suffered from the issues of manual and dual submissions (via email and hard copy), and the joint launch of this digital platform by DSE and CSE makes the submission process timely and transparent. 

He added that the new system reduces the risk of typographical or data errors and increases accountability.

Dr. Md. Asifur Rahman, DSE’s Chief Technology Officer, highlighted that the second phase of the DSE Smart Submission System is a critical milestone in digital transformation, acting as a single platform for stakeholders to submit documents and reducing the complexity and errors of manual processes. 

The system was developed using the Agile Scrum methodology, employing technologies such as Java multi-tier architecture, Spring Boot, JavaScript, PostgreSQL, and PowerBI, he added.

BSEC Commissioner Md. Saifuddin stated that the digital platform aims to ensure the easy, transparent, and standardized availability of market-related financial information, which will improve the efficiency of information usage by regulators, auditors, and other stakeholders. 

“The initiative was begun through a partnership with a Chinese consortium, adopting the concept of BPM-based workflow automation. Two DSE personnel completed 15 days of training at the Shenzhen Stock Exchange and used that experience to develop the local system with the help of the in-house team,” he added.

Md. Sayed Kutub, Additional Secretary of the Insurance and Capital Market Wings of the Ministry of Finance, emphasized that while the capital market is still lagging in digitalization, this new initiative is a crucial start to overcome that lag. 

He stressed that transparency and a reliable flow of information are essential for rebuilding investor confidence, and digital platforms like this will help restore that confidence.

Looking ahead, DSE anticipated that the SSS will be conducive to the future implementation of XBRL (eXtensible Business Reporting Language) in Bangladesh. 

The BSEC Commissioner noted that financial data submission will not be limited to PDFs; DSE will move towards AI-readable and machine-readable data formats based on XBRL, forming the foundation for an infrastructure of AI-readable financial information that will expand market research, analysis, and data intelligence locally and globally.