API Linkage on Investor ID Online and Trading Account Online Launched
Phnom Penh, October 25, 2023 --
Securities and Exchange Regulator of Cambodia (SERC) and Cambodia Securities Exchange (CSX) signed on here today the API (Application programming interface) linkage on investor ID online of Securities and Exchange Regulator of Cambodia and opening trading account online of Cambodia Securities Exchange.
The linkage will make it possible to open a trading account promptly, especially online trading accounts, according to a statement.
The linkage makes a complete creation of an online trading account opening system, where investors can quickly request an investor identification number and open a single account, read the statement.
Investors will get securities trading accounts instantly and efficiently. After getting an account, investors can deposit money into a trading account and start investing immediately, it said.
H.E. Hong Sok Hour, CEO of CSX, said that the securities market is growing rapidly, with the number of investors sharply increasing by about 40 percent in 2023 to about 13,000 accounts and is expected to increase to about 100 percent to roughly 30,000 and 50,000 accounts in 2024 after launching trading accounts online.
“While we can open trading accounts immediately and easily, most stock prices are so cheap and attractive that I can call it a golden opportunity for investors,” H.E. Hong Sok Hour underlined.
CSX has received a total of 20 listed companies, including 11 equity firms and nine corporate bond firms, collecting a total capital of US$330 million.