Cambodian-helmed firm launches on Frankfurt exchange

Cambodian-helmed firm launches on Frankfurt exchange

Primer Trading AG has likely become the first firm held by a Cambodian to list on the German stock market, said Chief Executive Officer Pily Wong.

The firm operates as a holding company for the research and distribution of BotTrading, an algorithm-based commodities, foreign exchange and futures trading service, he wrote yesterday.

Although there are several ways the firm provides its services to investors, the simplest presently operates in Taiwan: The customer opens an account at a brokerage firm partnered with Premier Trading, and uses the algorithms to trade automatically, Pily Wong said.

He noted the system was focused on commodities rather than stocks.

“Our system works best in a consistent market with high volatility, that’s why we’re connected to the biggest exchanges such as Chicago Mercantile Exchange, Liffe, and Eurex.”

Premier Trading was officially listed on the Deutsche Bourse on Monday, to provide a value for the firm, gain attention from investors, and offer more comfort to its customers, he said.

Pily Wong, the major owner of the firm, said he was likely the first Cambodian to own a listed company in Frankfurt, Germany.

The firm does not currently have plans to participate with the Cambodia Securities Exchange, he said, pointing to its decision to not use BotTrading to trade stocks.

Pily Wong said he will continue as the Microsoft representative in the Kingdom, as well as working with his family’s import businesses in Cambodia Adding a high degree of outsourcing would ensure Premier Trading runs smoothly, he added.

phnom penh post