Sri Lanka, April 7 -- The Colombo Stock Exchange (CSE) has set an end of May deadline for the announced reforms to the market. The market hopes to change to a Delivery versus Payments system for transacting which will enable new instruments to be issued to the capital markets.

The CSE hopes to further improve its mobile application offering and bring in other financial services to a unified application.The CSE has introduced a mobile application that facilitates registration and access to market information. The new application and digitization drive the CSE has taken has allowed over 12,400 people to open new accounts in the stock market which represents a more than doubling of the rate of account opening. CSE Chairman Rajeeva Bandarana...