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Lynn Okkers
CSE plans to attract more investors to the stock market this year through the introduction of several new product lines. To increase the choice of instruments available to equity investors, the CSE will for the time being focus on instruments such as equity borrowing and lending and regulated short selling, said CSE CEO Rajeeva Bandaranaike. said.
The latter instrument will help create more liquidity and trading among equity investors not only when the market is trending up, but also when the market is down, Bandaranaike said. CEO said. Island Financial Review in a recent exclusive interview
The CEO also said CSE aims to tap into the corporate bond market through the launch of several new products. For example, facilitating secondary trading of corporate bonds through green bonds, perpetual bonds and repo transactions.
Asked how these instruments could help the stock exchange in the future, Bandaranaike said borrowing and lending stocks, for example, would facilitate and enable regulated short selling. Investor.
This creates an opportunity for traders to take advantage of market volatility. In addition, investors with long-term portfolios can lend out their shares and earn interest with minimal effort.
When asked more about the importance of green bonds, the CEO said that institutional investors in particular are currently focusing on ESG projects. Investors sensitive to environmental, social and governance concerns. Through the latter project, CSE will therefore serve several key investor needs.
Meanwhile, in response to a question about how CSE’s digitization initiative has helped lead to a stronger stock market in Sri Lanka, CSE’s chief information officer, Chandrakanth Jayasinghe, said that CSE’s aim is to serve investors. said that it is to provide progressive digital exposure. The CIO says he has two sides to consider here. First, CSE’s digital mobile app has added more and more significant features over the past two years.
The CIO added: All the information an investor needs to enter the market is now available via this app. For example, we are linked to the Personal Registry Office. Digital onboarding, digital signatures, and more are enabled via the app. Investors can now interact with CSE on a fully digital basis.
“Investors are now connected to CDS E-Connect through CSE, allowing them, for example, to access their stock portfolios, access their monthly statements, and access mobile apps. You can also change your profile, such as changing your address via the Broker’s research report can be accessed through the same means and nominations can be made through the same mechanism.This is a complete change.360 degree view through the app An information hub has been created.
“Second, CSE is a more agile digital organization. For example, most of our backend functions are fully robotic. .
“We suffer from very little paperwork. Over 90% of all account openings are done through mobile apps. Most paper-based procedures have been eliminated.
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