Logo of Phnom Penh Post newspaper Phnom Penh Post - CSX’s app starts its trial period

CSX’s app starts its trial period

CSX’s app starts its trial period

The Cambodian Securities Exchange (CSX) on Tuesday announced the soft launch of its new Mobile Trading System (MTS), a move that would allow investors to trade listed securities from their smartphones.

The company said the official launch of the platform will occur next Monday.

CSX Deputy Director General Jong Weon Ha on Tuesday said the MTS will help to boost the amount of trading in Cambodia with its secure and fast service.

To use the MTS, investors must have a valid trading account with a broker who is already a CSX member and has been registered with it to provide the service. It is being offered free of charge for the first year.

The mobile platform was developed with support from the Korean International Cooperation Agency (KOICA).

At the end of last year, there were around 9,200 investors registered with the Securities and Exchange Commission of Cambodia (SECC). In total, they made an average of 15,000 transactions per day, valued at about $15,000.

There are currently five companies listed on the CSX, three of which are state-owned enterprises.

Proeun Panhery, who is looking to start up a digital tourism platform, welcomed the news and said her team would submit an application for financing from the new company.

“This is an opportunity for us because we don’t have enough resources to make [our project] happen. I will take my team and business idea to Ooctane.

“The most important aspect is that Ooctane will be with us, train us and build up and strengthen our business operations so that we can reach our goals,” she said.

MOST VIEWED

  • Purging Sihanoukville’s past with a new masterplan

    Amid illicit activities, haphazard development and abandoned projects, the coastal city of Sihanouk province needs a reset to move forward. A new masterplan might be the answer to shake off its seemingly mucky image to become the Shenzhen of the south Gun toting, shootouts, police

  • Chinese may be first in tourism revival: PM

    Cambodia's tourism industry is gearing up to roll out the red carpet for Chinese travellers after Prime Minister Hun Sen on September 17 indicated that the Kingdom could soon throw open its doors to international holidaymakers vaccinated against Covid-19 – starting with guests from China. Cambodia Chinese

  • Four-pillar approach in reopening of tourism: PM

    Cambodia is drawing up a four-strategy approach to promptly restore domestic and international tourism activity and put the industry on a transition pathway to a sustainable and inclusive model that is resistant to future crises, according to Prime Minister Hun Sen. The prime minister made

  • Airline says ready for green light to reopen international tourism

    Sky Angkor Airline Co Ltd on September 21 said it is ready to transport South Korean and Chinese tourists to the Kingdom once the Cambodian government makes good on plans to reopen its borders to vaccinated travellers. The Siem Reap-based airline made the remark during a

  • Tourism concerns laid bare

    To ensure the success of plans to reopen the tourism market for international visitors, Cambodia must pay utmost attention to two primary determinants – the ongoing paradigm shift in domestic tourism services towards the ‘new normal’, and the factors influencing choices of destinations among foreign holidaymakers.

  • Cambodian bride ‘badly treated, held captive’ by Chinese man seeks help

    A Cambodian woman who travelled to China to marry a Chinese man there was “badly treated” by her husband’s family and then had to be rescued and will be returned to Cambodia to ensure her safety. The rescue operation came about after the 25-year-old