To promote Sri Lankan capital market to overseas and retail investors, local companies:

SEC to develop new websites with Cyber Concepts

Ramani Kangaraarachchi

The Securities and Exchange Commission ( SEC) will promote the Sri Lankan capital market to overseas investors, local companies and retail investors soon. The Sri Lankan stock market has been the best performing market in the world in 2010.

Cyber Concepts Pvt Ltd an ISO 9001 : 2008 certified software and web solutions provider has been awarded the contract to develop and host the web sites of the SEC of Sri Lanka, the Financial Services Academy (FSA) and the Capital Market Information Centre (CMIC) and it will help the booming investment and capital market development of Sri Lanka.

The site will help foreign investors to know the current market situation of Sri Lanka and invest more in the market. It will help to add more new investors and improve the interest of current investors.

Cyber Concept Software Architect Engineer Krishnajina Rajapathirane explaining the concept of the three portals, mainly the information portal of SEC, FSA and CMIC said the objective of the sites are to disseminate reliable, accurate and timely capital market information to shareholders, potential shareholders, academia and the public at large.

He said that the project will be separated into three main areas SEC, CIMIC and FSA web portals. SEC will mainly focus on investor information and market information. The Securities and Exchange Commission is hoping to provide information for foreign and local investors and government agencies and listed companies. This site will be supporting live share information, online chat, quick announcements, web casting, News updates and Interactive events such as stock market games. It will also have an easy content management system so it will help the SEC to provide timely and accurate information to their focused groups.

The CIMIC site helps most of the people who are involved with capital markets and they have the chance to refer latest capital market data after login to this site. It includes capital market reports, research information, market news and international capital market information.

FSA is mostly an educational oriented web portal and the site will help to develop skills among the persons involved in the capital market operations. The objective of FSA is to become a premier institute in Sri Lanka to provide professional level education related to the development of capital market. FSA focuses to offer four core programmes catering to the needs of different niches in the capital market. These programmes will be focused on market professionals, listed companies, existing and potential investors and market institutions. The site will have an online educational system to provide proper training to focused groups. It will also have a student management system a tutor management system and an online payment management system as well.

The SEC Web portals are targeted towards the academia of the national universities. The websites will be in line with advanced web technology to create a user-friendly, informative and secure web portal with an intuitive interface for the SEC, FAS and CMIC websites which should present information from diverse sources. The site will include the facility that allows the SEC staff to easily update content after the initial launch.

The web content will be available in all three languages.