UCB Capital Management and Padma Bank Securities are going to launch two digital booths in Dubai and Canada after getting approval from Bangladesh Securities and Exchange Commission (BSEC).

Sources said, in order to open a digital booth, there is a condition to get a license from the concerned country. That’s why the two brokerage houses started their process to get the license from the two countries. After getting license, the two organizations will launch digital booths within February month.

A letter signed by BSEC deputy director Faruk Hossain gave the approval to UCB Capital Management on December 30. Bangladesh Bank governor, National Board of Revenue (NBR) Chairman were informed the matter.

Besides, Securities and Exchange Commission gave the approval to Padma Bank Securities to open digital booths in Canada. However, no letters have been sent to the two organizations in this regard yet.

Mohammad Rahmat Pasha, CEO also managing director of UCB Capital Management said, “We have got approval to open digital booth in Dubai. But, we have to get the license of the concerned authority to do so. We will appoint an advisor in this regard. On the basis of the advice of the advisor, the application will be sent there to open the booth. If everything remains okay then the booths will be launched in February.”