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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Sri Lanka: Dialog in a Deal with Mubasher Technology to give low quality Internet Bandwidth to Stock Broker backbone so that Retail Online Traders Buy and Sell orders get further delayed amid a falling Market

Sri Lanka: Dialog in a Deal with Mubasher Technology to give low quality Internet Bandwidth to Stock Broker backbone so that Retail Online Traders Buy and Sell orders get further delayed amid a falling Market

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DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Country's market analysts and investigators say that Sri Lanka established but Malaysia owned and controlled so called flagship communicator Dialog Axiata PLC (DIAL) has recently put not so stock market wise, and technically immature staff who can't understand the Internet Backbone required to Stock Traders where majority of Stock Traders in Sri Lanka are trading online via Middle East owned and controlled Mubasher Technology is providing Direct FN system to almost all of the stock brokers in the country to connect with Millennium IT Developed Colombo Stock Exchanges Automated Trading System 7 (ATS 7).

Accordingly top stock analysts warn that although Dialog in a Deal with Mubasher Technologies is urging all Stock Brokers to buy Dialog Internet Broadband to fulfill stock brokers data execution and to execute 'Buy' and 'Sell' orders of the move by Dialog and Mubasher will further curtail retail online traders at Colombo Stock Exchange finding it very late to execute orders by using Dialog and thus further the Stock Market turnover will start falling day by day in Sri Lanka due to this technical fault.

Thus analysts says Stock Brokers to continue to stick to Sri Lanka Telecom's (SLT) Data packages amid allowing Malaysia owned Dialog Axiata and Mubasher Technology being received free hands to manipulate 'Sri Lanka's Economy through making it less Daily Turnover Averages and Less Trades at Colombo Stock Exchange' which on long term impact on 'Killing' further investor sentiment.

It has been already happening since many Retail Traders and Large Institutions as well as High Net Worth Individuals trading at Colombo Stock Exchange via online has started to blame Stock Brokers that their Direct FN is not working; As a result of Dialog-Mubasher Technology Deal to promote cheap low quality Internet Data packages at cheap costs for Stock Brokers whilst Dialog Axiata is providing a Bad 'Quality of Service' and a Bad 'After Sales Service' as well as a Bad 'Support Service' to Stock Brokering Industry for whoever the Stock Broker that use Dialog Data packages.

Thus it seems all stock brokers Direct FN is not functioning properly 'Not Because of Stock Brokers Fault' but because of Mubasher Technology's fault of using a cheap low quality Internet Backbone from Dialog in whcih even though a Stock Broker has SLT because the Datat is exchanged from Dialog Backbone to SLT the delays happen from Mubasher End.

But since many Sri Lanka's Stock Brokering Heads or CSE Technical Heads nor SEC Technical Heads are not aware of these complicated internet backbones and data infrastructures they continue paying unnecessary fees to Mubahser as well as Dialog while they are switching from SLT to cheap Dialog services.It is high time that Sri Lankan Stock Brokers and SEC, CSE Technica staff get proper, intelligent ICT education and training from at least the government or from SLT to educate on the matter.

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
yes problems are there.even with android.playing field should be even.

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