GMNet creates simulated stock market portal

The Colombo Virtual Stock Exchange (VSE) that was recently unveiled by Global Media Networks to increase investor participation in the Capital Market, may be the 'Most Innovative Virtual Exchange' model in the world that could improve market development and could be used training financial professionals' in any country, sources in the global capital market said.

Colombo Virtual Stock Exchange or VSE that comes with mobile application on Google App Store and Apple App Store is a simulated stock market portal conceptualised, created and designed by Global Media Networks Ltd (GMNet), a limited liability company.

VSE uses publicly available stock market information and other macroeconomic factors of the Sri Lanka Stock Market to create a simulated training environment for stock market enthusiasts and investors to learn and practice stock market trading.

Virtual Stock Exchange has integrated an Order Execution System named Virtual Trading System (VTS), back-end administrator portal named Virtual Depository System (VDS) and Virtual Bank Account (VBA) to create this simulated trading environment.

Integration of the Virtual Bank Account to the simulated environment provides a feature for players to learn to adjust themselves to diverse investment scenarios through switching of their investments to varying asset classes.