The South Pacific Stock Exchange (SPX) recently participated in the 63rd General Assembly and Annual Meeting of the World Federation of Exchanges (WFE), a significant event that gathers experts and authorities from the global exchange industry. Held in Kuala Lumpur at Bursa Malaysia, the meeting featured over 300 leaders from various organizations and initiated vital discussions on the future landscape of capital markets.
This was a momentous occasion for SPX, marking its first participation in the WFE Annual Meeting as an invited guest exchange, which is particularly noteworthy given that the forum typically allows only member and affiliate exchanges. During the event, SPX accomplished an important milestone by re-establishing itself within the global exchange community.
Notable highlights included a keynote speech by Malaysia’s Prime Minister, YAB Dato’ Seri Anwar Ibrahim, and discussions that featured esteemed figures, such as Malaysia’s Finance Minister II, as well as renowned primatologist Dr. Jane Goodall, who spoke on the intersection of financial systems and biodiversity.
SPX’s CEO, Sheraj Obeyesekere, engaged with representatives from various stock exchanges, discussing collaboration and knowledge-sharing to advance the Fijian stock market. He emphasized the significance of strengthening international ties and fostering new growth avenues for SPX. Obeyesekere expressed pride in being part of such a prestigious gathering, acknowledging the event’s role in shaping the future of capital markets.
He also indicated that formal partnerships with other WFE member exchanges are expected to emerge from this engagement, suggesting positive advancements for the Fijian stock market by aligning with industry standards.
The WFE represents a vast network of over 55,000 listed companies with a combined market capitalization exceeding $111 trillion and an annual trading volume of approximately $124 trillion. This gathering showcased the commitment of exchanges to promote fair and efficient markets globally, while also facilitating a safe financial system.
This year’s meeting marked a historic return to Malaysia after 26 years, highlighting the ongoing evolution and revitalization of the capital markets in the region.
The participation of SPX in this high-profile event serves as a beacon of hope for the future of the Fijian stock market. By fostering international collaborations and innovative practices, SPX is poised to enhance its market operations, potentially leading to increased investment opportunities and financial resilience in Fiji.
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