Dhaka Stock Exchange Extends Technology Partnership with Nasdaq

NEW YORK and DHAKA, Bangladesh, Jan. 02, 2023 (GLOBE NEWSWIRE) — Dhaka Stock Exchange (DSE) and Nasdaq (Nasdaq: NDAQ) today announced the extension of their partnership where Nasdaq provides DSE with trading technology. The agreement includes an upgrade of Nasdaq´s X-stream INET technology in order to accommodate the increasing trading activity of the exchange with maintained market resiliency and investor integrity.

During 2022, DSE successfully launched a new Alternative Trading Board – ATB – and an SME market. DSE today have over 300 brokering intermediaries and processes around 400,000 equity trades per day in its 650+ listed securities with a combined market cap of around 73 billion USD. To facilitate the next stage of its expansion, the upgrade of its trading system will be an integral part.

“Since our commercial relationship with Nasdaq was established in 2014, DSE has continued to evolve in line with our ambition to become the leading exchange in the region and a key driver of growth for the broader economy,” said M. Shaifur Rahman Mazumdar, Acting MD of DSE. “By further investing in Nasdaq´s world-class technology we are confident that we will be stand even better equipped to further empower investors looking to implement sophisticated trading strategies and entrepreneurs looking to raise capital in order to grow their companies and create jobs.”

“Nasdaq is proud to have been trusted with deepening our already strong technology partnership with DSE,” said Virginie Barbot, Managing Director for Marketplace Technology, Southeast Asia and Pacific at Nasdaq. “By leveraging Nasdaq´s robust and flexible technology solutions, DSE will be able to continue growing its financial footprint in South Asia while ensuring investor protection, access to capital for companies in the region as well as exciting opportunities for both local and global investors. We look forward to taking this next step in our joint journey in building a world-class financial market that will continue to benefit the region, the Bangladeshi economy and global financial markets.”

Nasdaq’s end-to-end market technology powers more than 2,300 companies in 50 countries, spanning the world’s financial industry, including capital markets infrastructure operators, market participants, banks, and regulators.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software, and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

About Dhaka Stock Exchange

Dhaka Stock Exchange Limited (DSE) is the main and largest stock exchange of Bangladesh. The Dhaka Stock Exchange has over 650 listed securities with a combined market capitalization of around US $ 73 billion. Dhaka Stock Exchange started operation in 1956 and the major functions of DSE are Listing of securities, Settlement of trading, granting approval to the transaction/transfer of share outside the trading system of the exchange, Market Administration & Control, Market Surveillance, Monitoring the activities of listed companies etc. To learn more visit www.dse.com.bd.

Nasdaq Media Contact

David Augustsson
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Singer Anita Pointer of The Pointer Sisters Dies at Age 74

Anita Pointer, one of four sibling singers who earned pop success and critical acclaim as The Pointer Sisters, died Saturday at the age of 74, her publicist announced.
The Grammy winner died while she was with family members, publicist Roger Neal said in a statement. A cause of death was not immediately revealed.
“While we are deeply saddened by the loss of Anita, we are comforted in knowing she is now with her daughter Jada and her sisters June & Bonnie and at peace. She was the one that kept all of us close and together for so long,” her sister Ruth, brothers Aaron and Fritz and granddaughter Roxie McKain Pointer said in the statement.
Anita Pointer’s only daughter, Jada Pointer, died in 2003.
Anita, Ruth, Bonnie and June Pointer, born the daughters of a minister, grew up singing in their father’s church in Oakland, California.
The group’s 1973 self-titled debut album included the breakout hit, “Yes We Can Can.” Known for hit songs including “I’m So Excited,” “Slow Hand,” “Neutron Dance” and “Jump (For My Love),” the singers gained a star on the Hollywood Walk of Fame in 1994.
The 1983 album “Break Out” went triple platinum and garnered two American Music Awards. The group won three Grammy Awards and had 13 U.S. top 20 hit songs between 1973 and 1985, Neal said.
The Pointer Sisters also was the first African American group to perform on the Grand Ole Opry program and the first contemporary act to perform at the San Francisco Opera House, Neal said.
Bonnie Pointer left the group in 1977, signing a solo deal with Motown Records but enjoying only modest success. “We were devastated,” Anita Pointer said of the departure in 1990. “We did a show the night she left, but after that, we just stopped. We thought it wasn’t going to work without Bonnie.”
The group, in various lineups including younger family members, continued recording through 1993.
June Pointer died of cancer at the age of 52 in 2006.
Anita Pointer announced Bonnie Pointer’s death resulting from cardiac arrest at the age of 69 in 2020. “The Pointer Sisters would never have happened had it not been for Bonnie,” she said in a statement.

Source: Voice Of America

New York OKs Human Composting Law; 6th State in US to Do So

Howard Fischer, a 63-year-old investor living north of New York City, has a wish for when he dies. He wants his remains to be placed in a vessel, broken down by tiny microbes and composted into rich, fertile soil.
Maybe his composted remains could be planted outside the family home in Vermont, or maybe they could be returned to the earth elsewhere. “Whatever my family chooses to do with the compost after it’s done is up to them,” Fischer said.
“I am committed to having my body composted and my family knows that,” he added. “But I would love for it to happen in New York where I live rather than shipping myself across the country.”
Democratic Gov. Kathy Hochul signed legislation Saturday to legalize natural organic reduction, popularly known as human composting, making New York the sixth state in the nation to allow that method of burial.
Washington state became the first state to legalize human composting in 2019, followed by Colorado and Oregon in 2021, and Vermont and California in 2022.
For Fischer, this alternative, green method of burial aligns with his philosophical view on life: to live in an environmentally conscious way.
The process goes like this: the body of the deceased is placed into a reusable vessel along with plant material such as wood chips, alfalfa and straw. The organic mix creates the perfect habitat for naturally occurring microbes to do their work, quickly and efficiently breaking down the body in about a month’s time.
The end result is a heaping cubic yard of nutrient-dense soil amendment, the equivalent of about 36 bags of soil, that can be used to plant trees or enrich conservation land, forests, or gardens.
For urban areas such as New York City where land is limited, it can be seen as a pretty attractive burial alternative.
Michelle Menter, manager at Greensprings Natural Cemetery Preserve, a cemetery in central New York, said the facility would “strongly consider” the alternative method.
“It definitely is more in line with what we do,” she added.
The 52-hectare nature preserve cemetery, nestled between protected forest land, offers natural, green burials which is when a body can be placed in a biodegradable container and into a gravesite so that it can decompose fully.
“Every single thing we can do to turn people away from concrete liners and fancy caskets and embalming, we ought to do and be supportive of,” she said.
But not all are onboard with the idea.
The New York State Catholic Conference, a group that represents bishops in the state, has long opposed the bill, calling the burial method “inappropriate.”
“A process that is perfectly appropriate for returning vegetable trimmings to the earth is not necessarily appropriate for human bodies,” Dennis Poust, executive director of the organization, said in a statement.
“Human bodies are not household waste, and we do not believe that the process meets the standard of reverent treatment of our earthly remains,” he said.
Katrina Spade, the founder of Recompose, a full-service green funeral home in Seattle that offers human composting, said it offers an alternative for people wanting to align the disposition of their remains with how they lived their lives.
She said “it feels like a movement” among the environmentally aware.
“Cremation uses fossil fuels and burial uses a lot of land and has a carbon footprint,” said Spade. “For a lot of folks being turned into soil that can be turned to grow into a garden or tree is pretty impactful.”

Source: Voice Of America