The main stock exchange in Sri Lanka is Colombo Stock Exchange. The exchange is known for it's fully automatic trading platform. CSE is continuously contributing to national wealth by creating value through national securities.
The head office of Colombo Stock Exchange is located in the building of World Trade center Towers, Which is situated in Colombo. It was started in the year 1995. The branches CSE are spread ed all over the country. You can find the branches at Negombo, Kurunegala, Matara and Kandy. As it was recorded on 31 December 2007, The Colombo stock exchange has listed 235 companies.
Share trading in Sri Lanka started in the year 1896. The trading was started by Colombo brokers association. In the beginning the trading was commenced in Limited liability companies. These companies were involved in opening tea plantations in Sri Lanka.
The formal stock exchange inaugurated in the year 1985. In this year Colombo stock exchange took over the market from Colombo brokers association.
Currently the companies listed in the CSE represent 20 business sectors. These companies market the capitalization of $7.2 billion. The capital marketed by the stock exchange is approximately 25% of the GDP of the country.
Let`s have a look at the two in dices of CSE. They are as follows.
1. All Share Price Index
2. Milanka Price Index
The pre-market session of the exchange runs from 9 AM to 9.30 AM and the normal trading session runs from 9.30 AM to 2.30 PM.
Let`s talk bout the technology of the Colombo Stock Exchange. The exchange was partially automated in the year 1991. The share transaction was made easy by the installation of an electric clearing & settlement system and a central depository. The exchange was completely automated in the year 1997 with the installation of ATS which stands for Automatic Trading System. With the installation of ATS the transparency of trading significantly increased. CSE is planning to introduce a debt securities trading system which will be used for trading of fixed income securities.
The three main systems operated by CSE are as follows.
1. Central Depository System
2. Automated Trading System
3. Debt Securities Trading System
CSE is one of the members of World Federation of Exchange. Colombo stock exchange was elected as a member of this federation in the year 1998. It was the first exchange from the south east Asia region to obtain the membership of WFE.
In the year 2000 CSE became the founder member of SAFE which stands for South Asian Federation of Exchanges. The current chairman position of SAFE is occupied by CSE. SAFE consists 17 exchanges from 6 different countries. CSE is continuously striving to encourage the cooperation among the members of SAFE so that individual markets of the members can attain a new level.
There are many new companies which has started listing in the CSE after the cease fire agreement signed by the Sri Lankan government. This agreement brought an end to a 20 year old civil war.
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