Sri Lankas primary dealers signed up with Bloomberg to set up a bond-trading platform.
At the moment the scripless securities system is not yet operational, but the electronic trading platform itself takes away some of the risks of the old market.rn
rnldblquote In a bond market normally you deal on the word of mouth- the traders have this understanding ldblquote my word is my bond dblquote so there has been no show as such, dblquote says Ajantha Madurapperuma, Association of Primary Dealers.rn
rnldblquote In this system you send your quotation; the counter-party hits on your price and once it is accepted it is done and confirmed by the system itself. The system generates the confirmation, dblquote he explains.rn
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-LBR Newsdesk; LBOEmail@vanguardlanka.com
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