The South Pacific Stock Exchange (SPX) made its debut at the 63rd General Assembly and Annual Meeting of the World Federation of Exchanges (WFE), which took place in Kuala Lumpur, Malaysia, from November 19 to 21. SPX’s CEO, Sheraj Obeyesekere, highlighted the significance of this event as a vital opportunity for Fiji’s stock market to engage in a global dialogue aimed at fostering growth.
The assembly facilitated in-depth discussions about the future of capital markets, marking an important milestone for SPX. Mr. Obeyesekere expressed pride in being part of a gathering where industry leaders focused on crucial policy initiatives that would help stock exchanges act as effective stimulants for capital formation and financial inclusion.
Panels covered key topics in the exchange sector, such as modernizing market infrastructures, the role of stock exchanges, the future of Initial Public Offerings (IPOs), and the move to T+1 settlements. These discussions provided valuable insights into how international capital markets are evolving.
Mr. Obeyesekere emphasized the importance of strengthening international relations as a strategic goal for SPX. By attending the WFE Annual Meeting, SPX aims to establish meaningful connections with industry counterparts and peer exchanges that will elevate the standards of the Fijian stock market to align with global best practices in market operations and regulation.
Looking ahead, Mr. Obeyesekere stated that several formal collaborative efforts with WFE member exchanges would be announced in the coming months as a direct result of their participation in the forum. The event attracted over 300 leaders from regulatory authorities and institutions representing more than 50 organizations worldwide.
This participation not only represents a significant step for SPX but also positions Fiji’s capital market as an evolving player in the global financial landscape.
In summary, the SPX’s engagement with the WFE marks a hopeful future for Fiji’s stock market, enhancing its global standing and embracing growth opportunities through international collaboration and exchange of best practices. This strategic approach may very well lead to increased investor confidence and a more vibrant financial ecosystem in Fiji.
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