SPSE to further develop capital markets
27 April, 2019, 6:20 am
THE South Pacific Stock Exchange is looking to further develop the capital markets in Fiji by considering opportunities for collaboration with the New Zealand Stock Exchange (NZX).
In this regard, a memorandum of understanding was signed between the two exchanges with hopes that through this collaborative effort both the exchanges would see further growth in their respective capital markets and look forward to fostering a favourable business relationship going forward.
SPSE chairwoman Dr Nur Bano Ali said: “Given that most stock exchanges are unique in their countries, such cross-border collaboration and exchange of information and knowledge, as well as sharing of expertise and cross-fertilising of ideas between two institutions, with same operational dynamism can significantly enhance market development.”
“SPSE is a smaller exchange in comparison to NZX, however, maintains impetus to be a progressive organisation with an intention to optimise our operational capacity, which we believe can be significantly achieved through nurturing professional relationships with institutions that are receptive to interests that are mutual to SPSE,” Dr Ali said.
She said some of the benefits of the collaboration included improving computer and technology synergies, establishing a mechanism to facilitate inter-market investment flows, and providing investors access to different investment options.
She said SPSE sought to facilitate staff secondments to explore ways to share knowledge and symbolically and practically this MoU carved a clearer pathway towards developing a more united South Pacific financial market.