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BDSec Joint Stock Company is a full-service stock brokerage and investment banking firm in Mongolia. Established in 1991 as a part of Mongolian Stock Exchange (MSE) in Tuv province, it now plays a central role in the domestic securities market. Its name originates from the company’s original name, Bayan Dukhum Securities. Headquartered in Ulaanbaatar and with branch offices in Orkhon, Dornogobi, Tuv and Darkhan-Uul provinces, BDSec operates through four business divisions: brokerage, underwriting, investment advisory and research.