CSE and intermediaries successfully operate stock market remotely

Tuesday, 27 October 2020 01:36 - - {{hitsCtrl.values.hits}}

The Colombo Stock Exchange and market intermediaries yesterday operated normally but completely based on remote functionality, in the backdrop of its offices and those of several market intermediary firms being located in areas subject to quarantine curfew.

In a statement CSE said following the digitalisation of the CSE, preparatory exercises were carried out as a part of regular Business Continuity Processes (BCP) along with stockbroker firms to ensure the ability to conduct market operations remotely.

As an industry, a concentrated effort has been made to enhance the processes and technology in order to ensure the smooth functionality of the stock market.

“The CSE and stockbroker firms are satisfied with the outcome of the BCP exercises, which is a clear indication of the robustness of our systems and its ability to continue uninterrupted stock market operations. Our teams follow a process of contingency planning and are geared to ensure that all functions can be performed in the event of any unforeseen circumstances,” the statement said.

“The successful remote functionality of trading is a clear indication that as an industry the business continuity process of the stock market is dynamic and stakeholders could expect uninterrupted functionality and operation of the stock market,” the statement added.

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