CSX set to launch mobile trading platform
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.
