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London ready to provide ‘complementary liquidity for Sri Lanka firms: LSE boss

ECONOMYNEXT – London Stock Exchange was ready to support Sri Lanka’s privatization efforts and provide ‘complementary liquidity’ in London, Chairman Donald Brydon said in Colombo.

"We stand ready to offer expertise in privatizing SOEs and providing complementary liquidity in  London," Brydon said.

LSE was also ready to help develop Sri Lanka’s sovereign bond market, he said.

LSE, opened a technology hub in Colombo, employing 400 person on November 05.

LSE now owns MillenniumIT, a securities trading software maker based in Colombo, which supplies trading and settlement software to London and a number of other exchanges.

MIT already employs 800 person in Colombo and its software campus in Malabe, he said.

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