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Seamless
Internet trading system
for stock broking houses introduced
The
first seamless Internet trading system for stock broking houses in Sri
Lanka was formally launched on Friday. This technology introduced by
Investor Access Asia (IAA) makes the Colombo Stock Exchange (CSE)
accessible to investors anywhere in the world.
The
IAA CDAX (Colombo Direct Access eXchange) system is intended to
advance the development of electronic trading on the CSE by making the
exchange completely accessible to the modern investor. It was claimed
that with the introduction of this system to brokerage houses, IAA is
set to revolutionize investment patterns on the Colombo bourse. Three
brokerage houses have already commissioned the company to develop the
solution that incorporates CDAX . They include Asia Securities, MMDL
Phillips Securities and SC Securities. Three more brokerage houses are
in the advanced stage of negotiation, it is learnt.
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