SECC to discuss proposal to allow market orders on CSX

The Securities Exchange Commission of Cambodia (SECC) will meet soon to discuss a proposal to permit market orders for stock trading on the Cambodia Securities Exchange (CSX), in a move that would give investors more flexibility when buying or selling shares, an official said. According to Lamun Soleil, director of market operations at the CSX, investors currently only have the option to trade stocks on the exchange using a limit order, where instructions are given to execute the trade within a specified price band; however, if the market price does not fall within that band, the limit order is not executed. A market order, by contrast, provides instruction to execute a transaction at the present market price, improving the chances that the order will be completed swiftly. Soleil said the CSX hopes to expand the range of order options for investors, providing more choices to suit their individual preferences. (Source: Phnom Penh Post)