Wednesday Jan 22, 2025
Wednesday Jan 22, 2025
Monday, 20 January 2025 04:31 - - {{hitsCtrl.values.hits}}
From left: CSE Manager – Legal and Enforcement Kanishka Gunawardana; CEO Designate Vindya Jayasekara; Chairman Dilshan Wirasekara; NCDEX Managing Director and CEO Arun Raste; and CSE Senior Vice President – Commercial Punyamali Saparamadu
The Colombo Stock Exchange (CSE) and the National Commodity and Derivatives Exchange (NCDEX) of India, recently signed a Memorandum of Understanding (MoU) to collaborate and explore the development of derivatives and commodity products in Sri Lanka.
This partnership will enhance the product offering and trading instruments at CSE. The collaboration will involve knowledge-sharing initiatives, technological support and capacity-building programs aimed at training and developing personnel in relevant areas such as technology, systems, and regulations.
Additionally, this partnership is expected to create opportunities for mutual growth by enabling both organisations to expand their market offerings, attract new participants, and contribute to the development of a sustainable and efficient trading ecosystem.
Speaking on the partnership, CSE Chairman Dilshan Wirasekara stated, “This initiative marks a pivotal milestone in Sri Lanka’s journey toward diversifying its capital market offerings. By partnering with NCDEX, we aim to be equipped to introduce world-class trading facilities that will empower market participants, create economic opportunities, and contribute to sustainable development.”
Echoing this sentiment, NCDEX Managing Director and CEO Arun Raste, remarked, “This MoU reflects NCDEX’s commitment to creating globally benchmarked platforms that support regional development. It presents an opportunity to contribute to establishing a sustainable and well-regulated financial market ecosystem. Our expertise in derivatives and commodities trading, developed under the progressive policies and unwavering support of the Indian Government and regulators, positions us well to share valuable insights internationally.”
The signing ceremony was attended by representatives from CSE and NCDEX, reinforcing the commitment of both organisations to enhancing market infrastructure and advancing sustainable trading practices.
