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CSX to change trading method

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An employee at the CSX in Phnom Penh. Hong Menea

CSX to change trading method

The daily price limit for buying shares at the local stock market through the negotiated trading method (NTM) has been set at 10 per cent of the previous closing price.

According to a sub-decree issued last week by the market regulator, starting Monday, transactions negotiated through NTM have a daily price limit of 10 per cent of the previous closing price.

The purpose of the amendment is to “protect investors and the market from unfair trading”, said the sub-decree.

Trading at the Cambodia Securities Exchange (CSX) is conducted via two methods – the auction trading method (ATM) and NTM.

ATM is for investors who lack a counterparty. NTM, on the other hand, allows a pair of investors to place and execute their confidential orders in a single large transaction after successful negotiation on the conditions of the transaction.

NTM was officially launched in the CSX in January 2018. Six transactions (equalling 14,864,114 shares) have so far been executed through this method.

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