Logo of Phnom Penh Post newspaper Phnom Penh Post - CSX developing app for securities trading

CSX developing app for securities trading

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

CSX developing app for securities trading

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.

MOST VIEWED

  • Phnom Penh placed in two-week lockdown

    The government has decided to place Phnom Penh in lockdown for two weeks, effective April 14 midnight through April 28, as Cambodia continues to grapple with the ongoing community outbreak of Covid-19, which has seen no sign of subsiding. According to a directive signed by Prime Minister

  • Cambodia on the verge of national tragedy, WHO warns

    The World Health Organisation (WHO) in Cambodia warned that the country had reached another critical point amid a sudden, huge surge in community transmission cases and deaths. “We stand on the brink of a national tragedy because of Covid-19. Despite our best efforts, we are

  • Hun Sen: Stay where you are, or else

    Prime Minister Hun Sen warned that the two-week lockdown of Phnom Penh and adjacent Kandal provincial town Takmao could be extended if people are not cooperative by staying home. “Now let me make this clear: stay in your home, village, and district and remain where

  • Businesses in capital told to get travel permit amid lockdown through One Window Service

    The Phnom Penh Municipal Administration has issued guidelines on how to get travel permission for priority groups during the lockdown of Phnom Penh, directing private institutions to apply through the municipality's One Window Service and limit their staff to a mere two per cent. In

  • Vaccination open to foreigners in Cambodia

    The Ministry of Health on April 8 issued an announcement on Covid-19 vaccination for foreigners residing and working in Cambodia, directing the Ministry of Labour and Vocational Training and local authorities to register them. Health minister Mam Bun Heng, who is also head of the inter-ministerial

  • Ministry names types of business permitted amid lockdown

    The Ministry of Labour and Vocational Training singled out 11 types of business that are permitted to operate during the lockdown of Phnom Penh and Takmao town, which run through April 28. Those include (1) food-processing enterprises and slaughterhouses; (2) providers of public services such as firefighting, utility and