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CSE partners with NCDEX to share expertise & explore opportunities in derivatives & commodities trading
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Friday, 24 January, 2025, 16 : 00 PM [IST]
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Our Bureau, Mumbai
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National Commodities & Derivatives Exchange Limited (NCDEX), India’s leading agri commodity derivatives exchange, and the Colombo Stock Exchange (CSE), Sri Lanka’s flagship stock exchange, have signed a Memorandum of Understanding (MoU) at Colombo, to foster collaboration in assisting in establishing a comprehensive framework for derivatives and commodities to be traded in Sri Lanka. The collaboration aims to harness NCDEX’s more than two decades of expertise in developing and managing a robust derivative ecosystem and CSE’s expertise in the equity segment to establish market infrastructure that aligns with global standards. The areas of cooperation include knowledge transfer, technology support, capacity building, and the development of a regulatory framework. The partnership highlights the value of regional collaboration in financial market development, ably supported by respective forward-looking governments.
Arun Raste, managing director & CEO, NCDEX, said, “This MoU reflects NCDEX's commitment to creating globally benchmarked platforms that support regional development. It presents an opportunity to contribute to establishing a sustainable and well-regulated financial market ecosystem. Our expertise in derivatives and commodities trading, developed under the progressive policies and unwavering support of the Indian government and regulators, positions us well to share valuable insights internationally."
Dilshan Wirasekara, chairman of the CSE, said, “This initiative marks a pivotal milestone in Sri Lanka's journey toward diversifying its capital market offerings. By partnering with NCDEX, we aim to introduce world-class trading facilities. Through this exchange will empower market participants, create economic opportunities, and contribute to sustainable development.”
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