Fiji’s stock market is looking to engage with international peers and share knowledge aimed at aligning its operations with international best practices.
South Pacific Stock Exchange (SPX) Chief Executive Sheraj Obeyesekere said such collaborations are expected as a result of their participation in the 63rd General Assembly and Annual Meeting of the World Federation of Exchanges (WFE), held in Kuala Lumpur, Malaysia. This marked SPX’s first attendance at the prestigious event, which featured over 300 global industry leaders and regulatory authorities from 50 organisations.
Obeyesekere held discussions with some peer stock exchanges on the sidelines of the event around cooperation and knowledge sharing focused on the development of the Fijian stock market as well as with other stakeholders on market infrastructure.
“SPX was honoured to participate in this global gathering of capital market leaders, which focused on shaping the future of our industry and discussing key policy measures to ensure stock exchanges remain dynamic drivers of capital formation and financial inclusion,” Obeyesekere stated.
“Strengthening international relations has been identified as a strategic priority for SPX, and our participation in the WFE Annual Meeting marks a crucial first step in fostering connections with the industry body and peer exchanges. Collaborating closely with international exchanges is essential to elevating the standards of the Fijian stock market, aligning it with industry best practices in both market operations and regulation. A number of formal collaborations with WFE member exchanges will be unveiled in the coming months as a direct outcome of our engagement at this event.”
Key highlights included a keynote speech by Malaysia’s Prime Minister, YAB Dato’ Seri Anwar Ibrahim, discussions on sustainability led by Dr. Jane Goodall, and panels on modern market infrastructure, IPOs, and capital market policy developments.
The WFE, representing exchanges with a market capitalisation exceeding $111 trillion, plays a pivotal role in promoting efficient and transparent global markets. This year’s meeting also marked the WFE’s return to Malaysia after 26 years.
