The Colombo Stock Exchanges debt trading system officially goes live next Wed. giving investors an opportunity to electronically trade in government treasuries and corporate debt paper.
Investors can trade through specialised debt dealers; Capital Alliance, NatWealth Corp., and Seylan Merchant Bank, or 15 stockbrokers, the CSE said Wednesday.rn
rnDeveloped by Millennium Information Technologies, the top-of-the-range trading platform, DEX, cost the CSE around Rs. 90 mn.rn
rnUnder the DEX, settlement risk is minimised, with securities delivered only after the settlement bank confirms the availability of funds.rn
rnIt allows real time online liquidity management and the opportunity to tailor make a settlement cycle. DEX also facilitates repurchase and reverse-repurchase transactions and allows online and post-trade market information.rn
rnInvestors can view bid and asking prices. DEX will also collect maturity proceeds and coupon interest of investments on behalf of investors.rn
rnThe DEX will also enable investors to buy and sell in lots of Rs. 10,000 endash largely beneficial to smalltime investors.rn
-LBO Newsdesk: LBOEmail@vanguardlanka.comrn