The South Pacific Stock Exchange (SPX) participated for the first time in the 63rd General Assembly and Annual Meeting of the World Federation of Exchanges (WFE), held from November 19-21 in Kuala Lumpur, Malaysia. This event marked a significant opportunity for Fiji’s share market to engage on a global scale as it seeks to enter a new phase of growth.
In a recent statement, Sheraj Obeyesekere, the CEO of SPX, expressed the importance of being part of a global forum that brought together leaders from the capital markets industry to discuss key issues affecting the future of the sector. This meeting served as a pivotal moment for SPX, emphasizing the collaboration necessary to guide the future of stock exchanges and encourage financial inclusion.
The forum included various panel discussions that tackled essential topics, such as modern market infrastructure, the evolving role of stock exchanges, the future of Initial Public Offerings (IPOs), and the transition to T+1 settlement. These discussions provided valuable insights into the changing landscape of international capital markets.
Mr. Obeyesekere highlighted that strengthening international relations has been made a strategic priority for SPX. Their involvement in the WFE Annual Meeting signifies a vital first step in building connections with other industry participants and moving forward with best practices in stock market operations and regulation.
He also announced that several collaborations with member exchanges of WFE would be revealed in the coming months as a result of their engagement at the event. The SPX was present alongside more than 300 leaders, regulatory authorities, and institutional representatives from over 50 global organizations.
With this inaugural presence, the SPX is optimistic about establishing significant international partnerships that could enhance the standards and practices of the Fijian stock market, ultimately leading to greater growth and development in the region’s economy.
This positive development underlines Fiji’s commitment to participating in the global financial community and taking proactive steps toward improving its capital markets. As the SPX establishes more connections and collaborates on key initiatives, the future looks promising for the growth and advancement of Fiji’s stock market.
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