The Colombo Stock Exchange (CSE) in Sri Lanka is to introduce an Internet trading system to facilitate trading on the market by overseas investors and broker-dealers. The new window into the market is accompanied by a rebranding exercise and several enhancements to the trading platform. Importantly, the technical defects on the system have been rectified, and are now supported by additional back up systems.
To encourage investment, the CSE is also undertaking a road show to the United Arab Emirates later this month. Exchange officials and market participants, plus Finance Minister Dr. Sarath Amunugama, will hold promotional seminars in Dubai on 15 January and in Abu Dhabi on 17 January. The seminars are aimed at both institutional and individual investors in Dubai and Abu Dhabi. CSE intends to organize similar roadshows in Australia, Canada and the US, if the Middle East events are successful.
“The launch of Internet trading will allow for greater accessibility to the Sri Lankan market by foreign investors,” says a spokesman for Citigroup in Colombo. “Enhancements to the trading platform are a response to the recent trading disruptions on the CSE, and will improve the efficiency of trading on the exchange.”