It s not just banks that are closing their branches. With mobile trading on the rise, securities firms, struggling in a sluggish business environment, have closed over 50 branches in the past year, shifting their strategies to expanding premium branches that cater to wealthy customers.
ACLEDA Securities Plc (ACS) has won the Cambodia Securities Exchange’s (CSX) Best Securities Broker Award for the first quarter, with its customers collectively accounting for 94 per cent of total securities trading value and 81 per cent of new trading accounts during that period.
The Cambodia Securities Exchange (CSX) has announced plans for all market-listed securities firms to connect their own trading platforms to a synchronised market from next year, in a bid to improve integration of technological infrastructure and maintain international competitiveness.
As brokerage firms play an intermediary role between a trader and the market, making them crucial players in the securities market, investors need to choose a trustworthy and reliable broker – the first step before investing in stocks.
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The Cambodia Securities Exchange (CSX) is co-owned by the Ministry of Economy and Finance and Korea Exchange (KRX) on a 55:45 ratio. Hean Rangsey
CSX says not involved in GoldFX row
Tue, 3 August 2021
The Cambodia Securities Exchange (CSX) on August 3 said it is not involved in a fraud dispute concerning derivatives broker GoldFX Investment Co Ltd.
The CSX noted in a post that the case was ongoing and under investigation by the Securities and Exchange Regulator of Cambodia (SERC).
The statement comes in response to media reports and inquiries to the CSX related to the case, according to the bourse.