The South Pacific Stock Exchange (SPX) made a significant appearance at the 63rd General Assembly and Annual Meeting of the World Federation of Exchanges (WFE) in Kuala Lumpur, Malaysia. This prominent event brought together over 300 professionals, including industry leaders, regulatory authorities, and institutional representatives from more than 50 global organizations, highlighting the future of capital markets.
SPX’s participation marked an important moment as it re-entered the global stock exchange landscape following several years of absence. This year’s meeting was particularly special, as it was SPX’s inaugural attendance as an invited guest exchange, an opportunity typically limited to WFE Member and Affiliate Stock Exchanges.
Keynote speeches included contributions from Malaysia’s Prime Minister and Finance Minister II, alongside a notable session with primatologist Dr. Jane Goodall, who addressed the intersection between financial systems and sustainability. Various panel discussions were held, focusing on critical issues such as market infrastructure, the future of Initial Public Offerings (IPOs), and the transition to T+1 settlement.
SPX CEO Sheraj Obeyesekere engaged with leaders from other stock exchanges during the event, discussing cooperation and knowledge exchange aimed at advancing the Fijian stock market’s development. In his remarks, he emphasized the importance of this gathering for positioning SPX on the global stage and enhancing international relationships, which are essential for lifting the standards of the Fijian stock market in line with best practices.
Obeyesekere expressed optimism about future collaborations with WFE member exchanges, which are expected to be formalized in the coming months as a result of SPX’s engagement at the event. The WFE represents exchanges that collectively oversee over 55,000 listed companies with a market capitalization exceeding $111 trillion, underlining the significance of such a network for global financial stability and growth.
This event not only represents a revitalization for SPX but also offers a hopeful prospect for the development of the Fijian stock market, reinforcing the idea that through collaboration and shared insights, smaller exchanges can thrive in the global market ecosystem.
Summary: The South Pacific Stock Exchange attended its first World Federation of Exchanges Annual Meeting in Kuala Lumpur, marking its re-emergence in the global stock exchange industry. The event focused on key issues affecting capital markets and offered opportunities for collaboration and knowledge sharing. CEO Sheraj Obeyesekere emphasized the importance of international relationships to enhance the standards and growth of the Fijian stock market.
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