Exchange officials explain IT system

[PHNOM PENH POST]

STOCK exchange officials were conducting a five-day workshop on the IT system that will allow trading,  Securities and Exchange Commission of Cambodia director-general Ming Bankosal said yesterday.

The workshop, held in conjunction with the Cambodia Securities Exchange, would also seek feedback on the system’s functionality as well as providing training, he said.

“We invited participants to the workshop to offer additional knowledge of the system … particularly the process of trading [buying and selling securities],” Ming Bankosal said.

“It’s important to get feedback from market members on whether it will have errors or worth smoothly.”

The IT system that will run CSX trading was now complete, although it required connect-ions from the firms approved to trade, Ming Bankosal said.

The workshop, slated to run until Friday,  is being attended primarily by representatives of firms that are acting as brokers, dealers, or underwriters on the exchange.

The Cambodia Securities Exchange launched in July with no listed companies.

ACLEDA Securities CEO Svay Hay said the workshop was important for firms  conducting trades through the CSX once companies listed.

“This is  crucial for both operators and members to understand the electronic process connection with the CSX.

“It will make it easy to connect to other securities dealers,” Svay Hay said.

It was vital that ACLEDA’s IT systems could easily connect with the exchange, he said.