Scandent bags order from DSE

Scandent would upgrade Dhaka Stock Exchange electronic trading system, TESA

Scandent Solutions Corporation Ltd has announced that it recently signed a
multi million dollar deal with the Dhaka Stock Exchange (DSE) to upgrade its
electronic trading system, TESA. According to a statement from Scandent
Solutions, the scope of this deal is to migrate the trading platform, enhance
TESA with significant additional functio-nality, and further support the
migrated system.

Scandent offers product frameworks and services that enable the stock
exchanges or ECNs to quickly automate trading systems with a wide variety of
features. TESA is the company's flagship product for equities trading and a
field-tested, parameterized solution to automate stock exchanges in a controlled
manner. "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 V Santhanam, VP and Head of Scandent's
capital markets business. "The recent win from DSE reiterates our customers'
confidence in Scandent's ability to build, implement, and support mission
critical financial systems," said Dilip Keshu, CEO of Scandent.

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