Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - SECC plans same-day settlement on trading

SECC plans same-day settlement on trading

The Securities and Exchange Commission of Cambodia (SECC) is planning new measures for trading on the local stock exchange that it says will encourage investors to trade more actively.

Investors currently need to wait for six intervals – occurring every half-hour between 8.30am and 11.30am – to have their trades booked. The new rules will allow for continuous trading between 9am and 11am.

“[Increasing] matching frequency will make investors more active, so that the matching can push market liquidity as investors now can do more trades and be more active,” Sok Dara deputy director of the SECC, told the Post yesterday.

Additionally, to encourage more activity, trades will be settled on the same day, as opposed to the current system that sees buyers waiting two days for the transfer of securities and sellers two days for their cash.

According to Lamun Soleil, deputy director of the exchange’s Market Operations Department, the shift in settlement time will allow investors to trade more frequently with cash and securities more readily available.

“The ultimate purpose of these measures is to increase trading activities on the market,” he said. “With these two more features, our market could become as active as other more advanced exchanges.”

Soleil could not give a specific date for the changes, but said the technical details were currently being completed.

0

Comments

Please, login or register to post a comment

Latest Video

Bodies of Cambodian peacekeepers returned to Kingdom

The bodies of four Cambodian peacekeepers killed by a Christian militia in Central African Republic were repatriated to the Kingdom and honoured in an airport ceremony on May 21.

Phnom Penh eats: Ptas Nak Battambang

As the name suggests, Ptsa Nak Battambang – which in English means Battambang's house – is the right place for those who want to try some of the province's typical dishes in Phnom Penh.

Political analyst Kim Sok who is seen being escorted into a police van after his bail was denied in March at the Appeals Court in Phnom Penh, announced that he will go on hunger strike in Prey Say prison from today until the June 4 commune elections.

Imprisoned political analyst and social commentator

Military police stand guard outside a polling station that was allegedly prematurely closed to eligible voters during the 2013 general election in Kandal province. Photo supplied

The Ministry of Defence on Friday lashed out at civil society and election monitoring groups, claiming a