The South Pacific Stock Exchange (SPX) made a significant entrance at the 63rd General Assembly and Annual Meeting of the World Federation of Exchanges (WFE) held in Kuala Lumpur, Malaysia. This marks an important milestone in the exchange’s initiative to re-engage with global markets.
The event, which gathered over 300 leaders, regulators, and institutional representatives from more than 50 organizations, served as a critical platform for high-level discussions concerning the future of capital markets. SPX’s attendance is particularly notable as it was the first occasion the exchange attended as an invited guest, having been absent from such global gatherings for several years.
During the meeting, attendees were treated to several important sessions, including a keynote speech from Malaysia’s Prime Minister, YAB Dato’ Seri Anwar Ibrahim, and a discussion featuring Malaysia’s Finance Minister II, YB Senator Datuk Seri Amir Hamzah Azizan. Another highlight was a session led by esteemed primatologist Dr. Jane Goodall, who spoke about the connection between financial systems, sustainability, and the responsibility of stock exchanges in fostering biodiversity.
Discussions throughout the event also covered pivotal topics like modernizing market infrastructure, the evolving role of stock exchanges, the future of Initial Public Offerings (IPOs), and the global transition to T+1 settlement. These dialogues provided valuable insights into the changing landscape of international capital markets.
SPX CEO Sheraj Obeyesekere said the event provided a vital opportunity for the exchange to reconnect with the global stock exchange community, signaling the start of a promising new chapter for the Fijian market. He emphasized that enhancing international relationships and collaborating with industry leaders will be key priorities for SPX moving forward.
In the upcoming months, SPX plans to establish formal partnerships with WFE member exchanges, a direct outcome of its participation in this momentous event. The WFE symbolizes a collective of exchanges with over 55,000 listed companies, boasting a combined market capitalization exceeding $111 trillion, reflecting its influence on promoting fair and transparent global trading environments.
This year’s WFE meeting was especially historic as it returned to Malaysia for the first time since 1998, spotlighting the nation’s potential in hosting significant international financial events.
This moment marks an encouraging revival for SPX, positioning it to play a more prominent role in the global trading landscape. By engaging with established exchanges and industry experts, Fiji’s market is set to benefit and grow, fostering a promising future for the region’s economic development.
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