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Sri Lanka : COLOMBO STOCK EXCHANGE to provide investors SMS updates of stock depository accounts balances

August 2, 2014

Colombo Stock Exchange has announced the plan to deliver investors with mobile text message alerts on changes to share balances in their stock depository accounts.

The service will start from August 01. As per the plan, two daily alerts will keep investors updated on purchases, sales, share deposits, withdrawals, deposits of rights issues and splits.

CSE s Chief Information Officer Chandrakanth Jayasinghe commented "With the launching of our mobile app, we offered them a generic overview of the market, and now we are aiming at providing them information pertaining to their individual accounts and transactions."

"Our priority is investor engagement to ensure investors are given all the information necessary to make prudent investment decisions," Jayasinghe further added. According to the CSE, the updates will help correct faulty transactions quickly.

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Source: TendersInfo (India)

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