The institute fulfilled the long felt demand of market intermediaries as well as development partners. The idea was first mooted by Chittagong Stock Exchange and a feasibility study was carried out under World Bank managed multi-grant TA, FIRST initiative. The expatriate consultants recommended setting-up a “Securities Institute” in Bangladesh for bridging the gap between the competence and skills required and exist.Later, UNDP as well as ADB under their respective TA recommended for establishment of a “Securities Industries Development Center” and a “National Capital Market Institute” autonomous in nature.