offers the most dynamic analysis – Hummingbird CEO

By Rajiesh Seetharam | Published: 2:00 AM Dec 25 2021

By Rajiesh Seetharam

Colombo Stock Exchange (CSE) has stopped from offering CSE equity anlaysis on its website. is one of the world’s top three financial platforms and news website offering market quotes, information about stocks, futures, options, analysis, commodities, and an economic calendar.

Ceylon FT spoke to a dynamic equity investor in CSE and Hummingbird International MD/CEO Shiraz Latiff, who stated that offers the best and user friendly analysis on a live basis. 

“There are many platforms, but I consider as the best, offering live analysis and charts in regular intervals of 5 minutes, 15 minutes, one hour, one day, one month and so on. Bloomberg is a good platform, but its subscription charge is very expensive as it mainly caters to large banks, global investment management companies and stock brokering firms. 

Most service is free. Even analysis offered by other CSE stock broker platforms are not as user friendly like,” noted Latiff. 

He added, CSE is trying various ways to broadbase equity participation through educational programmes, road shows, webinars. The Government has also offered tax concessions for companies going for IPO’s this year.  

“Many retail investors, mainly the youngsters, were using for decision making purpose. To access equity analysis, there is a subscription charge in CSE. Even after subscription, the analysis doesn’t match with and it is half an hour delayed.”

Latiff urged CSE to quickly come into a formal agreement with so that investors can access CSE data and analysis via

“CSE already charges 1.12% commission from all trades taking place. CSE can earn more from commission, if it has wide retail participation than from charging a subscription fee from

However, curtailing data access through can have negative impact as retail investors may now take longer time to make investment decisions. Rather than expecting to fast track a formal agreement, it should be CSE which should initiate a quick decision, as CSE data and analysis being available at can help and encourage more retail participation.”

ASPI closed at 11951, gaining 1.16% from previous day’s close. Latiff noted that despite the bull run, equity investments still offers the best returns, as the inflation is high and interest rates are still low.  

Ceylon FT spoke to a CSE official, who said that a discussion was held on 21 December with, and a proposal was forwarded to  Accordingly if agrees to the terms and conditions, it would be able to access CSE data and offer analysis in it’s website, with a reasonable subscription charge to CSE.

By Rajiesh Seetharam | Published: 2:00 AM Dec 25 2021

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