The Colombo Stock Exchange (CSE) has requested a root cause analysis from the system provider Iron One Technologies Pvt Ltd regarding a disruption to the order management system provided to four Stockbroker firms during trading on Monday, which resulted in trading difficulties to clients of these firms.
System providers are an integral element of a technologically driven, smoothly functioning capital market, especially in the perspective of investor accessibility. The CSE therefore stresses the importance of system providers taking all possible proactive and preventative measures to provide seamless services and access to investors, the exchange said in a media release.
The exchange did not view completely limiting market access to local and international investors via a trading halt as a viable response to system difficulties faced by one system provider.
“The CSE would like to reiterate that close supervision and monitoring of System providers would be done on a continuous basis. Furthermore, CSE also wishes to categorically state that a WhatsApp message being circulated alleging CSE manipulation in today's trading is completely false and misleading,” it said.
You can share this post!
Content
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
Gazette on new speed limit regulations to be issued within two weeks
Cabinet has approved a proposed amendment to the Constitution that a referendum would be required to extend the Presidential and Parliamentary term beyond five years.
Leave Comments