In a bid to enhance liquidity and increase transactions at the Colombo Stock Exchange (CSE), the regulator has incorporated certain amendments to the Automated Trading (ATS) rules effective from tomorrow, according to a CSE official.
“Transaction fees have been reduced to two thresholds with only two sets of transaction bands (up to Rs. 50 million and above Rs. 50 million). It will be less expensive to trade,” Surekha Sellahewa CEO, CSE told the Business Times.
A share market analyst noted that by increasing the negotiated parcels (crossings) threshold from Rs. 10 million to Rs. 20 million will increase the liquidity in the market. “Now the CSE is on a boom and Rs. 10 million threshold (for a crossing) is too small. This was incorporated with the ATS rules in 1997. Now is the time to increase it,” he said. |
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