Sri Lanka’s Colombo Stock Exchange engaged in market development with South Pacific Stock Exchange
The Colombo Stock Exchange (CSE) of Sri Lanka has reportedly signed an agreement with the South Pacific Stock Exchange (SPSE) based in Fiji to collaborate on market development.
A Memorandum of Understanding (MoU) between the two exchanges enables the two exchanges to work together and learn from each other’s experiences, a statement has said.
“The potential forms of cooperation between SPSE and CSE can help the two institutions to become the preferred securities exchanges in their respective regions,” the statement has noted.
According to reports, the MoU includes provisions to encourage exchanging information about market development efforts, regional cooperation and expansion initiatives and the use of information technology systems to enhance ease of doing business in both jurisdictions.
“These benefits can be particularly important for activities that often fall exclusively to securities exchanges in any given country, such as investor awareness initiatives, advancing trading and settlement and integrating market data with website development.”
OSL take:
The move by the Colombo Stock Exchange and the South Pacific Stock Exchange to reach a deal to collaborate on market development would serve as a confidence booster for foreign businesses/investors to invest in Sri Lankan stocks. The Sri Lankan stock exchange has been engaged in continuous improvement programmes and thereby further developed the ease of doing business environment in Sri Lanka. Therefore, given the country’s growing economy and progressive development work, the Colombo Stock Exchange would provide many investment opportunities to the discerning foreign investor.
| Article Code : | VBS/AT/18012019/Z_3 |