Trading at CMEX
 The Automated Trading System (ATS) kept in place by Cambodian Mercantile Exchange PLC (MEX Cambodia) is a state-of-the-art Next-Generation trading platform that permits split second and cost effective executions. The ATS, which also maintains the Central Order Book, is located in Suite No. 331, Phnom Penh Centre, Street No. 274 Sihanouk Boulevard, Saghkat: Tonle Bssac, Khan: Chamkarmon, Phnom Penh, Cambodia. Cambodian Mercantile Exchange PLC (MEX Cambodia) members, located globally can connect to Cambodian Mercantile Exchange PLC (MEX Cambodia) Global Trade Servers (GTS) through optical fiber enabled internet connection which is now available in Cambodia.
Members of Cambodian Mercantile Exchange PLC (MEX Cambodia) can place orders through their Trader Work Stations (TWS) which is linked to the Cambodian Mercantile Exchange PLC (MEX Cambodia) ATS and which matches orders on the Global Trade Servers (GTS) and remits a confirmation back to the Member in split seconds.
With the Cambodian Mercantile Exchange PLC (MEX Cambodia) Automated Trading Platform, orders were placed electronically into the Central Order-book. The Cambodian Mercantile Exchange PLC (MEX Cambodia) Global Trade Servers (GTS) automatically matches the corresponding buy or sell orders in real-time, based on price/time priority. Executed trades are reported back to the Trader who can then confirm the trade immediately with his client. At the same time, the trade information, depending on what product the trade relates, is transmitted to the Cambodian Mercantile Exchange PLC (MEX Cambodia) Clearing members for registration and clearing processes.
Orders
A Trading Member can enroll various types of orders depending upon their requirements.
Orders are broadly classified into 2 categories:
- Price Conditions
- Time Conditions
Price Conditions
Market order:
An order to buy or sell a commodity at the best available price at the time the order is received in the ATS.
Limit order:
An order to buy / sell a commodity that specifies not to pay more than (or when selling to accept no less than) the specified amount.
Stop Loss order:
Markets order if and when a commodity which is sold at / below specified Trigger/Stop Price. This system is employed to protect a trader against a potential downward slide in a product.
A sell order in the Stop Loss book is triggered when the last traded price in the normal market reaches or falls below the trigger price of the order. A buy order in the Stop Loss book is triggered when the last traded price in the normal market reaches or exceeds the trigger price of the order.
Time Conditions
Day order: An order recorded in the trading system that will only last until the close of trading on the day in which they were given entrance into the exchange trading system. If the stated period of time has passed and the order has not been executed, the order is canceled.
End of the session order:
An order recorded in the trading system that will only last until the close of trading of the specific session on the day in which they were entered into exchange trading system. If the stated period of time has passed and the order has not been executed, the order is cancelled. At this point in time EOS & Day order implications are the same in MEXC.
Good Till date:
A type of order to buy / sell commodity as Market / Limit order and also which stays active for a stated period of time unless executed or cancelled. If the stated period of time has passed and the order has not been executed, the order is cancelled. On any day if the order is beyond DPR in the stated period, the order will be cancelled at market opening.
Good till cancelled:
An order type to buy or sell a commodity that remains good until it is executed or the investor decides to cancel it or the contract expires. On any day if the order is beyond DPR in the stated period, the order gets cancelled at market opening.
Immediate or cancel order:
An order type to buy or sell as a Market or Limit order, that is to be executed fully or in part as soon as it is represented in the market, after which any portion not executed, is cancelled. |