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Internet home trading systems for all LSX shareholders
The local stock market represents a good opportunity for alternative investments. Both Lao nationals and foreigners can trade stocks at the Vientiane exchange.
To open a trading account is very simple and convenient and it is expected that around the end of next month a “home traders' internet facility” will become available for investors. That extra convenience will simplify procedures and stimulate trading.
The first step to opening a trading account is go to the Securities Exchange building to open both a) Brokers Securities Trading Account and b) Securities Trading Bank Account.
To open a stock market account through a stockbroker at the exchange takes about 15 to 20 minutes.
VTtimes Stock Market Account: step by step guide
To open a trading account is as follows: Lao and foreign individual investors wishing to open a stock market LSX trading account will need to bring certain documentation and provide it to either of the (2) LSX brokers at the LSX stock exchange.
The 2 brokers' offices are easily found and located within the LSX (T4 Road) building.
Broker: Investors have two choices - either Lanexang Securities Brokers or BCEL-KT Securities Brokers.
New investors are required to provide to the broker of choice their original ID Card/Passport and then provide them with 1 copy of same.
Sign an agreement for opening Securities Trading Account.
Open a stock market bank account (with a cash deposit) located within the broker's office.
Foreigners wishing to use international bank accounts need to provide account details and a swift code.
The banks are located within the broker's office and will issue you a pin number.
Bank: Choose either to use LDB Bank using Lanexang Securities Brokers or choose BCEL Bank using BCEL-KT Securities Brokers.
Sign a broker's authorisation application, authorising your broker to complete your transaction orders (i.e., for selling, buying or cancelling orders).
If required an authority to the broker for other person/s to place buy/sell/cancel orders.
Once all processes are completed you receive a customer secure information outline (issued by the broker of your choice). It then takes about two days to process your application so you can begin trading.
Discuss with your broker and become familiar with their required processes for selling, buying or cancelling orders.
Both brokers also provide secured internet access to their websites.
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