Logo of Phnom Penh Post newspaper Phnom Penh Post - Platform to unify online trading on CSX

Platform to unify online trading on CSX

A monitor displays stock information next to the reception of the Cambodia Securities Exchange last year.
A monitor displays stock information next to the reception of the Cambodia Securities Exchange last year. Heng Chivoan

Platform to unify online trading on CSX

A central online trading platform expected to launch by the end of the year will allow investors to trade securities listed on the local stock market using a desktop computer or smartphone.

Lamun Soleil, director of market operations at the Cambodia Securities Exchange (CSX), said the bourse is developing a Mobile Trading System (MTS) that will serve as a central web-based platform for local securities firms and their clients. He said brokerages will be charged a fee to use the service, which he claims will be more cost-effective than developing their own online trading platform.

“To save the cost for each securities firm and the market, our MTS is one that can be used by all securities firm,” he said. “They are expected to pay a regular fee, which is much lower than if they each developed their own MTS.”

Subscription to the service is optional, and securities firms are free to develop their own proprietary online trading platforms, he added.

The MTS is being developed with technical assistance from Korea International Cooperation Agency and expected to be operational by the end of the year.

Soleil explained that investors with an account at a local securities firm that subscribes to the service will be able to access their account information and place trade orders on stocks listed on the CSX using a desktop computer or via a web browser on a smartphone.

“Investors will have instant access to the market on their smartphone [when] connected to the internet,” he said. “Investors can instantly buy or sell stocks, view real-time market data and listed companies’ information, view their cash and securities balance, and so on.”

Soleil said international stock exchanges were increasingly driven by online trading and many of the region’s bourses, including the Korea Exchange and the Stock Exchange of Thailand, have already implemented MTS platforms. He added that the online platform will help increase the efficiency of the order process and reduce the number of transaction errors made by brokers.

“The processing of orders will be faster and more efficient,” he said. “Brokers will also face less risk related to order submission since investors will place orders by themselves.”

Layheng Sip, head of operations at SBI Royal Securities, said the launch of the MTS will allow investors to execute trades more conveniently than by traditional trading methods.

“Our clients [currently] send purchase or sell orders via email, phone, or at the counter,” she said. “We believe that MTS will benefit the client, market and securities firms. It will help to increase trading volume as clients will find it more convenient to manage trade orders.”

Launched in 2011, the CSX has five listed companies: Phnom Penh Water Supply Authority (PWSA), Grand Twin International, Phnom Penh Autonomous Port (PPAP), Phnom Penh Special Economic Zone (PPSP) and Sihanoukville Autonomous Port (PAS).

MOST VIEWED

  • Kingdom's Covid cluster cases jump to 194

    The Ministry of Health on February 25 confirmed 65 new cases of Covid-19, with 58 linked to the February 20 community transmission. The latest cluster cases include nine Vietnamese nationals, five Cambodians, one each from Korea, Singapore and Japan, with the rest being Chinese. This brings the total number

  • Locations shut, dozens more Covid-19 positive

    The Ministry of Health has closed 23 locations in connection with the February 20 community transmission of Covid-19 and summoned for testing anyone who had direct contact with affected people and places. The number of discovered related infections has risen to 76, including 39 women. In a press release,

  • Cambodia's Covid cluster cases rise to 137

    The Ministry of Health on February 24 recorded 40 more cases of Covid-19, with 38 linked to the February 20 community transmission. Of the 40, two are imported cases involving Chinese passengers. The 38 include two Vietnamese nationals and one Cambodian, with the rest being Chinese. This brings the total cases

  • Covid cluster raises alarm, health bodies urge vigilance

    The Ministry of Health and the World Health Organisation (WHO) in Cambodia have expressed great concern over the February 20 cluster transmission of Covid-19 in the community. Both entities appealed for vigilance and cooperation in curbing further spread of the virus. Ministry spokeswoman Or Vandine said

  • PM confirms third Covid-19 community transmission

    Prime Minister Hun Sen on February 20 announced the Kingdom's third outbreak of Covid-19 community transmission after 32 people tested positive in just over 10 hours. Addressing the public from his residence after an emergency meeting, Hun Sen said: "I dub it February 20 Community Event, in which 32 cases

  • AstraZeneca jabs touch down in Phnom Penh airport

    The first shipment of 324,000 doses of the AstraZeneca/SII vaccine which was provided through the Covid-19 Vaccines Global Access (COVAX) Facility was delivered to Phnom Penh International Airport on March 2. The rest of the COVAX provided vaccines will arrive in Cambodia at a later date.