CSX to introduce block trades

The Cambodia Securities Exchange (CSX) has developed an in-house platform for block trading, which allows individual and institutional investors to trade large volumes of shares outside daily market operations, and will soon submit it to the Securities and Exchange Commission of Cambodia (SECC) for approval, according to Lamun Soleil, director of market operations at the CSX. While block trading platforms are more common in developed markets and geared toward institutional investors that want to execute large privately negotiated transactions of a stock’s shares, the CSX platform will cater both individual and institutional investors as the market is still small, he said. The block trading platform will help reduce price volatility that would otherwise result from an investor issuing large buy or sell order, he added. Sok Dara, deputy director of the SECC, said the SECC strongly supports all kind of initiatives to promote the securities market development. (Source: Phnom Penh Post)