Sri Lanka, Dec. 21 -- The proposed stock market developments will take place in the next few months according to State Minister of Capital Markets Ajith Nivard Cabraal. The stock market was characterised as being optimistic towards the proposed changes.

He said, "We are at a very exciting time. We have come up with some new exciting trends."

The CSE had previously signalled that it would de-link the Central Depository System from the trading system allowing capital market players to create new products. There were also plans to bring a central counterparty and a new clearing mechanism. The market will function on delivery vs payment basis as opposed to the current practice of shares being transferred and payment due a few days after.

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