Who is a Stockbroker?
A stockbroker is a firm that acts as an intermediary for stock market transactions, offering investors a variety of services in addition to investment advice and executing buy & sell orders of investors. The Stockbroker’s fee is the brokerage.

There are 15 Member Firms, 5 Trading Members and one specialized Debt Trading Member at the Colombo Stock Exchange (CSE). They are governed by the regulations set out by the CSE and licensed by the Securities & Exchange Commission (SEC). It is mandatory for you to obtain the services of a stockbroker in transacting in the secondary market.

What services do they provide?
Intermediation
1. Investment adviseExecute and confirm buy / sell transactionsSettlement of transactions – T+3 & T+4 for Equities and Delivery vs Payment (DVP) for Corporate & Government debt Follow-up on defaulters and portfolio Management
2. Research
Most brokers have a research unit that studies the market in general and specific companies in particular. With this research they are able to recommend shares for you to purchase. They publish research in the form of
Sector reports
Daily & Weekly reports
Company specific reports
Daily valuation reports
The broker makes recommendations to the best of his ability and should not be liable in case the recommendation is found to be incorrect.
3. Margin Trading
Broker Firm could provide this service, to its clients, subject to a registration to be obtained from SEC.
4. Corporate Finance Activities
Advise and facilitate takeovers and mergersSponsoring listing applications for companies.

Client Registration & documentation
Opening of Securities Accounts
Deposit of Securities
Withdrawal of Securities
Transfer of Securities
Provision of Contract Notes
Settlement of transactions
Providing information
Assistance and information dissemination with regard to new issues
Qualities of an Investment Advisor

The Stockbroker should act in the client’s best interest. Therefore, he should possess the following qualities.

CompetenceHe should be qualified and experienced and have a thorough knowledge of market behavior. Your investment advisor should hold the Investment Advisor Certification or be certified by the CSE.
IntegrityThe stockbroker should give fair treatment to his clients, and not for his personal gain. He must account for all transactions properly.
Knowledge about “what’s happening around”The Investment Advisor should possess knowledge on the needs of the client and market behavior which is affected by Political, Economic, Legal, Natural, Social & Technological factors.
ForecastingThis is the process of analyzing current and historical data to determine future trends. Stock analysts use various forecasting methods to determine future stock price movements, earnings, etc.
What are their fees?
All brokers charge the same commission for Equity trades up to Rs. 100 Mn. Equity trades above Rs. 100 Mn and all corporate debt trades have negotiable rates of commission.Investor Complaints
If you have a complaint, first inform the Compliance Officer of your broker firm in writing. The Compliance Officer should be able to help you and resolve the complaint. If you are not satisfied or if the broker delays a decision, you can forward your complaint to the CSE for investigation. The Secretariat of the CSE will deal with the complaint thereafter.

If you are not satisfied with the decision of the Secretariat, an appeal can be made to the Dispute Resolution Committee (DRC), to review the decision made by the Secretariat. Thereafter, the decision made by the DRC will be verified by the Board of Directors and conveyed to you.

Members of the CSE

Asha Phillip Securities LtdLevel 4, Millennium House, 46/58, Navam Mw., Colombo 2.Phone: 2429100Fax: 2429199Email: apsl@ashaphillip.net

Asia Securities (Pvt) LtdLevel 21, West Tower, World Trade Centre, Colombo 1.Phone: 2423905, 5320000Fax: 2336018Email: enquiry@asiacapital.lk

Bartleet Mallory Stockbrokers (Pvt) LtdBartleet House65, Braybrooke Place, Colombo 2.Phone: 5220200Fax: 2434985Email: info@bartleetstock.com

Ceylinco Stockbrokers (Pvt) LtdLevel 9, Ceylinco House, 69, Janadhipathi Mw., Colombo 1.Phone: 4714300, 4714388-9, 0777891871, 0777896064Fax: 2387228Email: csblcmb@slt.lk

CT Smith Stockbrokers (Pvt) Ltd4-14, Majestic City, 10, Station Road, Colombo 4.Phone: 2552290-4 Fax: 2552289Email: ctssales@sltnet.lk

DFCC Stockbrokers (Pvt) Ltd1st Floor, 73, W.A.D. Ramanayake Mw., Colombo 2.Phone: 2446021-2, 2446031-4Fax: 2437149Email: sales@dfccstockbroker.com

DP Global Securities (Pvt) Ltd3rd Floor, Forbes & Walkers Building, 46/58, Nawam Mawatha Colombo 02.Phone: 4700111, 2307366 Fax: 4700112, 2307365Email: dpgs1@sltnet.lk

HNB Stockbrokers (Pvt) LtdLevel 7, HNB Towers, 479, T.B. Jayah Mw., Colombo 10.Phone: 2663663Fax: 2663698, 2663699Email: hnb@hnbstock.com

J B Securities (Pvt) Ltd150, St. Joseph Street, Colombo 14.Phone: 2490900, 0772490900, 0772490901Fax: 2430070, 2446085Email: jbs@jb.lk

John Keells Stockbrokers (Pvt) Ltd130, Glennie Street, Colombo 2.Phone: 2326003, 2338066-7, 2342066-7, 2446694-5, 2439047-8, 4710721-4Fax: 2342068, 2326863Email: jkstock@keells.com

Lanka Securities (Pvt) Ltd5th Floor, 86, Galle Road, Colombo 3.Phone: 5576757, 2431138 Fax: 5576767Email: lankasec@sltnet.lk

Lanka Orix Securities (Pvt) Ltd42, Sir Mohamed Macan Markar Mw., Colombo 3.Phone: 5335225Fax: 5365725Email: register@lankaorixsecurities.com

NDBS Stockbrokers (Pvt) Ltd5th Floor, NDB Building, 40, Navam Mw., Colombo 2.Phone: 2314170-8 Fax: 2314180Email: mail@ndbs.lk

S C Securities (Pvt) Ltd2nd Floor, 55, D R Wijewardene Mw., Colombo 10.Phone: 4711000 Fax: 2394405Email: cscres@sltnet.lk

Somerville Stockbrokers (Pvt) Ltd137, Vauxhall Street, Colombo 2.Phone: 2329201-5, 2332827, 2338292-3Fax: 2338291Email: ssb@sri.lanka.net

Trading Members (Debt and Equity)Amana Securities Ltd.550, R.A. de Mel Mawatha, Colombo 3.Phone: 2506101-4, Fax: 2506105

Capital Alliance Securities (PVT) LTDLevel 5, Millennium House, 46/58, Nawam Mw., Colombo 02.Phone: 2317777 Fax. 2317788

First Capital Equities (Pvt) Ltd.32nd Floor, East Tower, World Trade Centre, Echelon Square, Colombo 1. TPhone: 5884400 Fax: 5884401

SMB Securities (Pvt) Ltd Landmark Building, 385, Galle Road, Colombo 03.Phone: 5539593 Fax: 2301798E-mail: smbsecurities@gmail.com

Taprobane Securities (Pvt) Ltd10, Gothami Road, Colombo 08. Phone: 5328100 Fax: 5328109 E-mail: janaka@tap.eureka.lk, dayan@tap.eureka.lk
Sri Lanka Country Code for Tel Nos. is +94 & Area Code for Colombo is 11.

Information – Colombo Stock Exchange

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