Logo of Phnom Penh Post newspaper Phnom Penh Post - CSX set to launch mobile trading platform

CSX set to launch mobile trading platform

Content image - Phnom Penh Post
A monitor displays stock information next to the reception of the Cambodia Securities Exchange. Heng Chivoan

CSX set to launch mobile trading platform

The Cambodia Securities Exchange (CSX) announced on Monday that it will launch an online trading platform on June 25, which will allow investors to buy and sell using their smartphones.

The new trading platform – Mobile Trading System (MTS) – will enable investors to place orders, check their personal stock information or cancel orders themselves from anywhere and at any time.

Lamun Soleil, director of market operations at CSX, on Monday praised the ease of use that the MTS will provide to investors.

“With this new system, investors can instantly access the stock market anywhere and anytime whenever they have internet access, without passing through a broker,” Soleil said.

“[Investors] can closely follow the news in the market and educate themselves more easily about trading and other market characteristics.”

According to the CSX announcement, investors must have a valid trading account with a registered CSX broker to get the MTS service, which will be offered free of charge for the first year after its launch.

MTS is an online trading system developed under the support of the Korea International Cooperation Agency (KOICA).

Yim Raden, head of operations at Yuanta Securities (Cambodia), said on Monday that the introduction of MTS is another key milestone for Cambodia’s capital market, saying it will put Cambodia at a similar level with capital markets in other countries.

“It is also expected to help increase market liquidity, attracting more investors and ultimately encouraging more firms to get listed on the stock exchange.

“This MTS will help securities firms tremendously. It will help improve efficiency, speed up order execution and improve precision,” she said.

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

  • Pursat Ford assembly plant opens

    The Kingdom’s first Ford assembly plant was inaugurated on June 16 in Pursat province amid rising demand for brand-new vehicles among Cambodians. The facility is seen as a game changer for the domestic automobile industry, which could bring a wave of investors seeking to cash

  • Siem Reap’s $18M zoo said to educate public, help wildlife

    Angkor Wildlife and Aquarium Co Ltd has invested $18 million in a zoo in Siem Reap province, which will be opened in October to educate and promote animal conservation as well as attract national and international tourists. Currently, the Angkor Wildlife and Aquarium is building the

  • 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 “

  • $50B infrastructure plan en route

    The government’s upcoming $50 billion,10-year infrastructure master plan will provide tremendous investment opportunities for domestic and foreign entities, transport experts and economists say. Minister of Public Works and Transport Sun Chanthol revealed the plan to Japanese ambassador to Cambodia Masahiro Mikami on June 15. At

  • 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