Open an account at a securities firm and get ready to trade
CSX chief executive Hong Sok Hour explains how the exchange will function on its first day of trading and into the future. The way to begin trading on the CSX is to open an account with any one of a dozen securities firms which are licensed by the SECC and are members of the CSX. Traders need to have some money in their brokerage accounts to buy shares, says Hong Sok Hour, CEO of the Cambodia Securities Exchange. During the process of opening an account, traders will receive an investor ID issued by the SECC. “Before you start trading, you need to have some money. You also pay brokerage fees for each trade,” Hong says. For the first stage of trading, the CSX will start with two trading sessions in the morning, the first one running from 8am to 9am. “At 9am, there will be matching between sell and buy orders, and we will have an opening price. One millisecond after 9am, the second session will begin. Orders that are not executed in the first session will be included for an execution in the second session,” Hong says. At 11:30, there will be a second matching of buy and sell orders, he says. Under way now is the “book building” process by the state-owned Phnom Penh Water Supply Authority, which will be the first IPO in Cambodia and the first listing on the CSX. …
