LSX improves share trading system for investors
The Lao Securities Exchange (LSX) has improved its share trading system to give more confidence to investors by providing a faster, more efficient and modern service.
The LSX yesterday launched Continuous Auction trading to take over from the six 30 minute trading periods per day they were previously operating. Instead of the five percent rise or fall they allowed before trading in a share was suspended, they are now allowing 10 percent movement in a share's price.
During its four years of operation, the mechanism used by the LSX for buying and selling has been undergoing periodic development, upgrading and improvement, such as the increase from two to six auction sessions per day in 2011, said Chairman & CEO of the Lao Securities Exchange, Mr Dethphouvang Moularat.
The Home Trading System or HTS was introduced at the end of 2013 and the LSX has continued this type of development in order to deal with the increasing trading volumes by improving the trading mechanism from call auction to continuous.
The LSX, in cooperation with the Korean Exchange who are experts in stock market system development, conducted exhaustive research into turning from call auction to robust, stable, fast and transparent continuous auction, he said.
In order to secure all investor orders through the HTS, LSX selected Sky Telecom who provide the strongest and most stable lease line networks in Laos, said Mr Dethphouvang.
He promised that, in order to provide a fast and confidential service for investors, LSX will develop share trading in line with international standards.