​CSX developing app for securities trading | Phnom Penh Post

CSX developing app for securities trading

Business

Publication date
22 February 2017 | 07:57 ICT

Reporter : Kali Kotoski

More Topic

The offices of the Cambodian Stock Exchange (CSX) in Phnom Penh.

A new online trading platform is being developed to spur interest in Cambodia’s sleepy stock market by allowing traders to access the exchange remotely via software compatible with smartphones, a bourse spokesman said yesterday.

Lamun Soleil, director of market operations at the Cambodia Securities Exchange (CSX), said that the platform was being developed with technical assistance from the Korea International Cooperation Agency, and would be launched this year.

“We plan to have the platform operational within this year, but I can’t give an exact date when we will launch it,” he said.

Soleil explained that the online platform would allow traders to conduct trades and get real-time stock market data on their computers, laptops or mobile handsets.

“A lot of Cambodians have access to smartphones, and we hope this will encourage more trading,” he said. “It will make it easier to trade and all company and stock market data will be on one platform.”

He added the smartphone app would also serve as an educational tool for new or prospective investors.

“It is important that Cambodians learn how the market functions, how to trade and to become better educated because more people are willing to learn about the stock exchange,” he said.

Launched in 2011, the CSX has four listed companies: Phnom Penh Water Supply Authority, Grand Twin International, Phnom Penh Autonomous Port and Phnom Penh Special Economic Zone.

Contact PhnomPenh Post for full article

SR Digital Media
#41 St 228, Phum 4 Sangkat Boeng Rang, Khan Doun Penh, Phnom Penh Cambodia

Tel: Celcard: 078 555 166/ 078 555 133
Smart: 086 822 999 / 086 277 999

Copyright © All rights reserved, The Phnom Penh Post