A new platform that will come online this month will enable investors to place and cancel orders in the local stock market from their phone or home computer, and will facilitate access to market data and investors’ transaction histories.
The Mobile Trading System, or MTS, which will be accessible through a website and a mobile application, seeks to boost trading activity at the Cambodian Securities Exchange (CSX) by making all market-related operations more convenient.
It has been developed with the support of the Korea International Cooperation Agency (KOICA), and it will soft launch on June 25.
“Investors will be able to find market data, disclosures, news from listed companies and CSX, and other information important for making investment decisions,” the official announcement from the market regulator said.
Lamun Soleil, director of CSX’s Market Operations Department, told Khmer Times that the new system will enhance access to the market for all investors, and added that it will also help foment a “culture of stock speculation”, with investors being able to place orders with just one tap of the finger.
“Before, when investors wanted to trade shares, they needed to contact their broker and tell them to place orders into the trading system.
“The aim of launching the MTS app is to increase convenience for investors and encourage them to trade more in the market. We expect that this new trading platform will help raise market liquidity,” he said.
According to Mr Soleil, the new platform enables investors to transact in the market from anywhere where they have an internet connection.
