News

Sydney Stock Exchange (SSX) and Colombo Stock Exchange (CSE) sign a Memorandum of Understanding
20/03/2017

Sydney and Colombo, 20 March 2017: The MoU between Sydney Stock Exchange (SSX) and Colombo Stock Exchange (CSE) is a significant initiative to broaden mutual understanding and create new links between Australian and Sri Lankan businesses and capital markets. 

May 2017 marks 70 years of diplomatic ties between Australia and Sri Lanka, as the bilateral relationship has continued to strengthen and covers a broad range of issues, including economic development and broader structural cooperation.

 

SSX and CSE are committed to the growth of their economies, especially in the environment of globalization and internationalization of capital markets. This agreement is intended to foster greater communication between both firms through staff exchange, training and the sharing of information relating to market development and dual listing opportunities.

Mr Tony Sacre, CEO of SSX, said “The collaboration between SSX and CSE will ensure an active and efficient market as well as enhancing the confidence and integrity of capital markets between Australia and Sri Lanka. This is a good story, as our mission is to solidify a connection between Australian and Asian markets and the rest of the world. Sri Lanka has been an important trading partner for Australia, and this bond is a strong sign of the relationship only continuing to improve. SSX and CSE will explore the possibility of collaborating regarding cross listing and trading of securities including stocks, bonds, ETFs etc.”

Mr. Vajira Kulatilaka, Chairman of CSE, said “The collaboration with SSX marks an important development for the CSE, as we look to improve our avenues for cooperation and mutual development with peer international exchanges. Our countries share a long history of economic cooperation and we are pleased at the prospect of working with the SSX to broaden investment opportunities for market participants both back home in Sri Lanka and here in Australia.”

ENDS

About SSX

Sydney Stock Exchange is a securities exchange in Australia with a market licence granted by the Australian Securities & Investments Commission (ASIC). Sydney Stock Exchange provides opportunities for growth-oriented companies to raise the capital they need for expansion from a diversified range of domestic and international investors, especially from the Asia-Pacific region.

Sydney Stock Exchange operates its official list of securities as a Main Board, but it has the flexibility that a Second Board provides. Sydney Stock Exchange provides and develops specialised markets in sectors including resources, oil & gas, real estate, technology, agribusiness, services and growth companies.  Sydney Stock Exchange provides ‘listing’ facilities to companies and securities issuers as well as 'trading' facilities for stock brokers, traders and investors to buy and sell securities. More information is available at www.ssx.sydney.

About CSE

The Colombo Stock Exchange (CSE) operates the only stock market in Sri Lanka and is responsible for providing a transparent and regulated environment where companies and investors can come together. The CSE is a company that is limited by guarantee established under the laws of Sri Lanka. The CSE is regulated and licensed by the Securities and Exchange Commission of Sri Lanka (SEC). The CSE is a mutual exchange and has 15 Member and 12 Trading Members licensed to trade in equity and debt securities, while 7 Primary Dealers and 1 Trading Member are licensed to trade in debt.

For more information, please visit: www.cse.lk.

 

Sydney Stock Exchange Media Contact:

Joseph Rodarick Law

General Manager, Listings

Sydney Stock Exchange

Tel: +61(02) 9226 0113

Email: joseph.law@ssx.sydney



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