CSX to make stock trading easier with new platform

A man uses his phone to take a picture of a screen showing trading activity at CSX. KT/Mai Vireak

A new platform that will come online this month will enable investors to place and cancel orders in the local stock market from their phone or home computer, and will facilitate access to market data and investors’ transaction histories.

The Mobile Trading System, or MTS, which will be accessible through a website and a mobile application, seeks to boost trading activity at the Cambodian Securities Exchange (CSX) by making all market-related operations more convenient.

It has been developed with the support of the Korea International Cooperation Agency (KOICA), and it will soft launch on June 25.

“Investors will be able to find market data, disclosures, news from listed companies and CSX, and other information important for making investment decisions,” the official announcement from the market regulator said.

Lamun Soleil, director of CSX’s Market Operations Department, told Khmer Times that the new system will enhance access to the market for all investors, and added that it will also help foment a “culture of stock speculation”, with investors being able to place orders with just one tap of the finger.

“Before, when investors wanted to trade shares, they needed to contact their broker and tell them to place orders into the trading system.

“The aim of launching the MTS app is to increase convenience for investors and encourage them to trade more in the market. We expect that this new trading platform will help raise market liquidity,” he said.

According to Mr Soleil, the new platform enables investors to transact in the market from anywhere where they have an internet connection.

“They can also check their own cash and securities balance as well as their transaction history,” he added.

After seven years of operation, CSX has five companies listed. Last year, the daily trading volume was 15,000 shares per day.

CSX established the Growth Board for small and medium-sized enterprises in 2015, and introduced a bond market late last year.

In terms of attracting more trading activity, CSX has also focused on educating investors and the wider public with monthly open training sessions and workshops for university students across the country.

In order to use MTS, investors will need a valid trading account with a broker registered with CSX. The platform will be offered free-of-charge during its first year in the market. No official date has been announced for its official launch.

Khmer Times
May Kunmakara