The South Pacific Stock Exchange (SPX) recently marked its inaugural participation at the 63rd General Assembly and Annual Meeting of the World Federation of Exchanges (WFE), which took place from November 19-21 in Kuala Lumpur, Malaysia. SPX’s CEO, Sheraj Obeyesekere, described the event as a significant opportunity for Fiji’s share market to engage in a worldwide industry gathering with the intention of fostering growth.
The assembly included high-level discussions about the future of capital markets and signified an important milestone for SPX. Obeyesekere expressed honor in participating alongside global capital market leaders in discussions aimed at shaping the industry’s future and reinforcing the role of stock exchanges as dynamic components of capital formation and financial inclusion.
Panel discussions at the forum addressed key topics such as modern market infrastructure, the role of stock exchanges, the future of Initial Public Offerings (IPOs), and the shift to T+1 settlement, providing valuable insights into the evolving landscape of international capital markets.
Obeyesekere emphasized that strengthening international relations is a strategic priority for the SPX and highlighted that their engagement at the WFE Annual Meeting represents a pivotal first step toward building connections with industry bodies and peer exchanges. He added that collaborations with WFE member exchanges are expected to be unveiled in the coming months as a result of their interactions during the conference.
The event attracted over 300 leaders from industry, regulatory authorities, and institutional representatives from more than 50 global organizations, underscoring the significance of such gatherings in shaping market operations and regulations.
This participation is a hopeful sign for the future of the Fijian stock market, suggesting that SPX is taking proactive steps to improve its standards and practices, aspiring to align itself with global benchmarks and enhance its influence in the international financial community.
Summary: The South Pacific Stock Exchange participated in the WFE Annual Meeting in Kuala Lumpur, marking a significant step towards global engagement and growth in capital markets. CEO Sheraj Obeyesekere highlighted the importance of international collaborations to elevate Fiji’s stock market standards and practices.
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