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

  • ‘Education’ a priority traffic-law penalty

    A top National Police official on June 21 neither rejected nor confirmed the authenticity of a leaked audio message, which has gone viral on social media, on a waiver of fines for a number of road traffic-related offences. General Him Yan, deputy National Police chief in

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “

  • Chinese firms unveil preliminary results on metro, monorail for capital

    Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro

  • ACLEDA, WU to enable global money transfers

    Cambodia's largest commercial bank by total assets ACLEDA Bank Plc and global money transfer firm Western Union (WU) have partnered to offer customers cross-border money transfers to 200 countries via “ACLEDA mobile” app. In Channy, president and group managing director of ACLEDA, said the June 22 agreement

  • Aeon, Micromax partner again for third mall

    AEON Mall (Cambodia) Co Ltd and a locally-owned Micromax Co Ltd have entered into a partnership agreement to develop fibre optic infrastructure for $200 million Aeon Mall 3, which is expected to be opened in 2023. The agreement was signed on June 20 between Masayuki Tsuboya, managing director of

  • Walmart plans to diversify stock of Cambodia goods

    Walmart Inc, the world’s biggest retailer, on June 22 reiterated recent plans to scale up and greatly diversify its purchases of Cambodian products, according to the labour ministry. This came during a virtual working meeting between Minister of Labour and Vocational Training Ith Samheng and