Scandent to upgrade Dhaka stock exchange

By agencies   |   Wednesday, 23 March 2005, 08:00 Hrs
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NEW DELHI:IndiaÂ’s mid-sized software firm Scandent Solutions Ltd. has bagged a multi-million dollar contract from the Dhaka Stock Exchange to upgrade its electronic trading system TESA.

"We will now be providing them a system with enhanced risk management and other features on a new platform," a senior company official said.

The deal is to migrate the trading platform, enhance TESA with additional functionality and supporting the migrated system.

"DSE has been a very happy and satisfied customer since 1998. We will now be providing them a system with enhanced risk management and other features on a new platform. It will be an end to end solution to address the growing needs of DSE," said VP and head of Scandent's capital markets business V Santhanam.

"The recent win from DSE reiterates our customers' confidence in Scandent's ability to build, implement, and support mission critical financial systems," said Scandent CEO Dilip Keshu.

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