By Zahida Rizvi
Colombo Stock exchange's daily average turnover equity and equity market capitalization to GDP for 2015 stands at Rs 1.06 billion and Rs 2.9 Trillion respectively, CSE Chairman Vajira Kulathilake said.
Speaking at the Capital Market Conference held yesterday at the Ramada Hotel he said CSE performance in terms of corporate debt had raised the largest volume of capital accounting to Rs 81 billion in 2015. "On the other hand corporate debt has been recorded as Rs 4.5 billion for 2015", he said. He added that the key factors CSE focuses to achieve better performance is by having a better approach to risk management, new products, attracting new listings and attracting investors governance. Kulathilake said that risk management is backed by adapting to schemes such as the Broker Back Office (BBO), Introduction of Central Counter Party institution (CCP )and Capital Adequacy Ratio (CAR).
"Broker Back Office (BBO) is an Order Management Systems (OMS) which will facilitate seamless trading, clearing and settlement of securities".
"CCP is an entity that will take up the risk of transactions in the market in the event of a clearing and settlement failure" "Capital requirement applicable to a Broker Firm which compares the total
risks faced by the Broker Firm with the liquid capital it holds", he said.
The CSE Chairman said that one of the new products introduced into the CSE is a real estate investment trust (REIT). The trust is categorized into two segments. "Rental REITs which is invested in income generating real estate properties and development REITs are invested for development of constructions".
Kulathilake further added that new listings are encouraged in to the CSE to further enhance its performance by enabling issuer relations, SOE listings and adding in alternative markets such as SME, Board Dollar Denominated Board and BOI Board.
He said," Turnover is doubled by increasing foreign investor turnover through foreign Investor Forums"."Additionally, increasing domestic investor turnover by targeting retail investors and institutional investors". "Governance in the CSE is kept intact through demutualization and amendments to the SEC Act to include new provisions", he said.
Colombo Stock exchange's daily average turnover equity and equity market capitalization to GDP for 2015 stands at Rs 1.06 billion and Rs 2.9 Trillion respectively, CSE Chairman Vajira Kulathilake said.
Speaking at the Capital Market Conference held yesterday at the Ramada Hotel he said CSE performance in terms of corporate debt had raised the largest volume of capital accounting to Rs 81 billion in 2015. "On the other hand corporate debt has been recorded as Rs 4.5 billion for 2015", he said. He added that the key factors CSE focuses to achieve better performance is by having a better approach to risk management, new products, attracting new listings and attracting investors governance. Kulathilake said that risk management is backed by adapting to schemes such as the Broker Back Office (BBO), Introduction of Central Counter Party institution (CCP )and Capital Adequacy Ratio (CAR).
"Broker Back Office (BBO) is an Order Management Systems (OMS) which will facilitate seamless trading, clearing and settlement of securities".
"CCP is an entity that will take up the risk of transactions in the market in the event of a clearing and settlement failure" "Capital requirement applicable to a Broker Firm which compares the total
risks faced by the Broker Firm with the liquid capital it holds", he said.
The CSE Chairman said that one of the new products introduced into the CSE is a real estate investment trust (REIT). The trust is categorized into two segments. "Rental REITs which is invested in income generating real estate properties and development REITs are invested for development of constructions".
Kulathilake further added that new listings are encouraged in to the CSE to further enhance its performance by enabling issuer relations, SOE listings and adding in alternative markets such as SME, Board Dollar Denominated Board and BOI Board.
He said," Turnover is doubled by increasing foreign investor turnover through foreign Investor Forums"."Additionally, increasing domestic investor turnover by targeting retail investors and institutional investors". "Governance in the CSE is kept intact through demutualization and amendments to the SEC Act to include new provisions", he said.
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