Sri Lanka’s CSE partners India’s NCDex for derivative exchange bid
- CNL Reporter
- March 20, 2025
- News
- Sri Lanka’s CSE partners India’s NCDex for derivative exchange bid
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Sri Lanka’s Colombo Stock Exchange has teamed up with India’s NCDex in a bid to set up a derivative exchange at the Port City, Chairman Dilshan Wirasekera said.
Sri Lanka Securities and Exchange Commission called for expressions of interest to set up a multi-asset class exchange but it required the operator to have experience in derivatives. A committee has been set up to oversee the initiative
“The CSC along with the NCDEX, the derivative exchange of India, put in a joint bid for that derivative exchange,” Wirsasekera told reporters in Colombo.“It will be established in the Port City. And we hope that we can actually be a part of that as well.”
.The Colombo Port City is a dollarized special economic zone with currency competition that will be free from the central bank’s open market operations and rate cuts and will therefore will not require exchange controls and will have monetary stability
