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

  • Forest Harmony’s $18M luxury villas break ground in Kampot

    Local and French joint-venture Forest Harmony has broken ground on its $18 million “second-home” Luxury Holiday Villas project in Kampot province. Century 21 Mekong CEO and local shareholder of the project Chrek Soknim told The Post that the project will comprise 90 villa units covering 18ha on a 97

  • US, Cambodia pledge to strengthen military ties

    The US on Tuesday pledged to help train military officers, particularly Cambodia’s blue helmet troops deployed for UN’s peacekeeping operations. The pledge was made during a meeting between US ambassador Patrick Murphy and Royal Cambodian Armed Forces (RCAF) commander-in-chief General Vong Pisen. Further

  • Rights Day forum denied in Sihanoukville

    The Preah Sihanouk provincial administration last Saturday denied the request of land communities for a public location in the province to celebrate International Human Rights Day 2019 as the administration had already held forums to discuss land issues. However, the land community representatives said they would

  • Sokha lodges an appeal over treason case reaching court

    Kem Sokha, the president of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP), has appealed against the decision to send his treason case to trial. Sokha’s legal team said their client was not satisfied with the decision of a Phnom Penh Municipal Court investigating

  • Gov’t approves $9B worth of building projects in 2019

    The government has approved more than $9 billion this year for capital investment in the construction sector, a nearly 80 per cent increase on last year, with most of the growth coming from projects in Sihanoukville, according to Minister of Land Management, Urban Planning and Construction Chea

  • US imposes sanctions on Oknha Pheap and Kun Kim

    The Ministry of Foreign Affairs and International Cooperation expressed strong dismay on Monday over the designation of Cambodian tycoon Oknha Try Pheap and General Kun Kim under the US’ Global Magnitsky Act. “It is very disturbing when the public figures of a country become the