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It is illegal to reproduce this material in any format without prior 

written approval of LankaBangla Securities Limited.

February 2018

 

n

 

Issue  133

CONTENTS

OPINION
EXPERT'S INSIGHT

GLOBAL FINANCIAL 

INSTITUTION
SECTOR UPDATE

Monthly Market Wrap-Up 

February - 2018

MARKET REVIEW

World Equity Market Update 

Monthly Commodity Market 

Update

DATA & INDICATORS

Company in Focus
Listed Company Information

MISCELLANEOUS

Technology

Monthly News Recap

Quotes of the Month

06

10

52

78

94

68

72

56

66

102

104

MARKET MAKERS  

THE STOCK MARKET'S FACILITATORS

Market makers have existed for as long as stocks have been 
continuously traded. The business model was simple – buy low then 
quickly sell high or vice versa. If a market maker stopped earning 
sufficient profits in one stock he would switch to another. If things 
became too volatile, the market maker walked away altogether and 
waited for things to return to normal. In London, market makers 
(known as jobbers) can be traced back to the late 1700s. Over 
time, exchanges began to assign affirmative obligations to market 
makers – most commonly requiring that they provide quotes of a 
certain magnitude and for a certain amount of time each day. Some 
exchanges, such as London and NASDAQ, developed as competing 
market maker (dealer) systems. Others, like the New York Stock 
Exchange, developed as a monopolist market maker (specialist) 
system.

18

50

How does Bangladesh Stock Exchange Compare with 

Global Peers?

In our Special Article, Sourajit Aiyer, makes a comparison of Bangladesh Stock 

Exchange with its global peers. The author says that Bangladesh’s Dhaka stock 

exchange has seen successes, there are few challenges too. Addressing them 

would help sustain the  long-term  investor  interest  which  a high-potential  

market  like  Bangladesh deserves!

SPECIAL ARTICLE