The South Pacific Stock Exchange (SPX) recently participated in the 63rd General Assembly and Annual Meeting of the World Federation of Exchanges (WFE) held in Kuala Lumpur. This significant event, which engaged over 300 leaders from various sectors, regulatory authorities, and institutions, focused on critical discussions about the future of capital markets. The Malaysian Stock Exchange, Bursa Malaysia, was the host for this prestigious gathering.
SPX’s attendance marked a pivotal moment for the exchange, signifying its re-emergence on the global stock exchange stage after several years. This participation was particularly special as it was the first time SPX was invited to attend the WFE Annual Meeting, which is typically exclusive to member and affiliate stock exchanges, underscoring SPX’s growing recognition in the industry.
The gathering featured a range of impactful speakers, including a keynote from Malaysia’s Prime Minister, YAB Dato’ Seri Anwar Ibrahim, and a fireside chat with the Finance Minister, along with a session led by renowned primatologist Dr. Jane Goodall discussing the intersection of markets and biodiversity. A number of panel discussions provided valuable insights into the evolving needs of international capital markets, covering topics such as market infrastructure, the future of initial public offerings (IPOs), and advancements like the transition to T+1 settlement.
SPX CEO Sheraj Obeyesekere engaged in constructive discussions with other exchanges and stakeholders about enhancing the Fijian stock market’s infrastructure and cooperation opportunities. He expressed pride in attending the WFE Annual Meeting, highlighting it as a vital opportunity to heighten SPX’s global presence and commitment to development in the Fijian financial landscape.
Obeyesekere emphasized that fostering international relationships is a strategic priority for SPX, aiming to align the Fijian stock market with the best practices established by leading exchanges worldwide. He hinted at forthcoming collaborations with WFE member exchanges, which will aim to further elevate Fiji’s market standards.
With the WFE representing over 55,000 listed companies and a market capitalization exceeding $111 trillion, SPX’s involvement in this assembly reflects its intent to be a dynamic player in capital formation and financial inclusion.
In conclusion, SPX’s participation at the WFE Annual Meeting is not just a return to the global stage but also symbolizes a bright path forward for the development of the Fijian stock market, aiming for growth and enhanced collaboration within the international financial community. This positive engagement shows the commitment of SPX to realizing a prosperous future for the Fijian economy.
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