Yangon Stock Exchange

What Yangon Stock Exchange does

Yangon Stock Exchange (YSX), operated by Yangon Stock Exchange Joint-Venture Co., Ltd., is Myanmar's first and only modern securities exchange, established in 2015 as a joint venture with Japan Exchange Group and Daiwa Securities Group. Trading commenced on March 25, 2016, with the exchange operating a dual-board structure: a Main Board hosting 8 listed companies (FMI, MTSH, MCB, FPB, TMH, EFR, AMATA, MAEX) and a Pre Listing Board (PLB) hosting 2 registered companies (MADPL, ASPGB), with combined market capitalization of approximately MMK 1.89 trillion as of July 2026.

YSX runs an electronic order-matching system conducting seven daily matching sessions (10:00 AM through 1:00 PM), with a separate block trade mechanism for large-volume transactions. Settlement is handled through KBZ Bank as the designated settlement bank, and trade execution is routed exclusively through six licensed securities companies (MSEC, KBZSC, CBSC, AYA Trust, KTzRH, UABSC). The exchange maintains the MYANPIX market-cap-weighted index (base 1,000 on March 25, 2016; currently 837.21) and a PLB INDEX for pre-listed companies, alongside investor education programs including the YSX Academy training courses.

Revenue is generated primarily through listing and annual fees from Main Board and PLB companies, transaction fees on each executed trade, and subscription-based market data services, with pricing governed by SECM regulations. YSX serves three primary segments: public companies seeking equity capital and listing status (including foreign participants within SECM-set ownership caps), retail and institutional investors transacting via licensed securities companies, and the securities companies themselves acting as trading participants. The exchange is regulated by the Securities and Exchange Commission of Myanmar (SECM) and has no domestic competition in the country.

Name

Yangon Stock Exchange

Legal name

Yangon Stock Exchange Joint-Venture Co., Ltd.

Website

https://ysx-mm.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Yangon Stock Exchange (YSX) is Myanmar's sole licensed modern securities exchange, operating a Main Board with 8 listed companies and a Pre Listing Board with 2 registered companies. It provides electronic trading, market data, and investor education, serving listed companies, retail and institutional investors, and six licensed securities companies as trading participants.

Ownership category

akta.pro rank

Product category

Securities Exchange Services

NAICS

Securities and Commodity Exchanges (52321), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Primary Listing Stock Exchanges (FSAFAAAA)

akta.pro secondary industry

Equities Trade Execution Platforms (ATS/MTF/ECN) (FSAFANAA)

Keywords

• Securities exchange operations
• Equity listing services
• Capital markets infrastructure
• Investor education programs
• Market data services

Headquarters

HQ city

Yangon

HQ country

Myanmar (Burma)

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales, Others

Revenue model

1. Listing Fees: Companies seeking to list on YSX pay listing fees. Annual fees are also charged to maintain listing status. YSX has two boards: Main Board (MB) for listed companies and Pre Listing Board (PLB) for registered companies transitioning to listing.
2. Trading Transaction Fees: Transaction fees are collected on each buy/sell trade executed through the YSX trading system. The exchange acts as the central matching and settlement hub between securities companies.
3. Market Data and Information Services: YSX publishes real-time and historical market data, index data, financial information, and company disclosures through its website and data terminals, generating revenue from data subscribers.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels11 records

Core offering

YSX operates Myanmar's first and only modern securities exchange, providing an electronic trading platform with seven daily price-matching sessions across two boards: the Main Board for established public companies and the Pre Listing Board for unlisted public companies transitioning to full listing. The exchange delivers listing services, trade execution, market data publication (including the MYANPIX and PLB INDEX indices), corporate governance monitoring, mandatory disclosure services, and investor education through YSX Academy. It serves listed companies, securities companies (trading participants), and retail and institutional investors under SECM regulatory oversight.

Product overview

Yangon Stock Exchange (YSX) operates as Myanmar's first modern stock exchange, offering a dual-board structure comprising the Main Board (MB) for established listed companies and the Pre Listing Board (PLB) for unlisted public companies. The exchange provides electronic securities trading through its trading system with 7 daily matching sessions, market data services, and the MYANPIX and PLB INDEX indices. Supporting services include investor education through YSX Training Course and learning resources, disclosure services for regulatory compliance, and corporate governance monitoring. The exchange also provides a Viber Community for investor communications.

Differentiator

Problem solved

Functional benefit

Brands

• MYANPIX: The Myanmar Stock Price Index, a market capitalization-weighted index tracking all ordinary stocks listed on YSX. Base date: March 25, 2016, Base point: MMK 1,000.

Products and services

• Main Board (MB) The primary listing and trading board of YSX for established public companies in Myanmar. Currently hosts 8 listed companies (FMI, MTSH, MCB, FPB, TMH, EFR, AMATA, MAEX) with combined market capitalization of MMK 1,588,088 million as of July 2026. Provides full listing services including trading, disclosure, and corporate governance for qualifying public companies.
• Pre Listing Board (PLB) A secondary board for unlisted public companies to register and trade shares before potential listing on the Main Board. Currently has 2 registered companies (MADPL, ASPGB) with market capitalization of MMK 304,760 million. Operated under the Securities Registration Business Regulations and functions as an incubator/pipeline stage.
• MYANPIX Index The official Myanmar Stock Price Index - a market capitalization-weighted index tracking all ordinary stocks listed on YSX. Base date 25th March 2016, base point MMK 1,000. Currently at 837.21 points as of July 2026. Calculated daily and adjusted for corporate actions.
• PLB INDEX Pre Listing Board price index tracking registered companies on the PLB, used to measure price movement of companies not yet listed on the main board. Currently at 5,248.86 points as of July 2026.
• Electronic Trading System Electronic securities trading platform enabling continuous trading and block trading. Operates 7 daily price-matching sessions (10:00 AM, 10:30 AM, 11:00 AM, 11:30 AM, 12:00 PM, 12:30 PM, 1:00 PM). Connects with all securities companies through a centralized ICT system and supports both local and foreign investor participation.
• Market Data Services Real-time and historical market data including stock trading data, index data (MYANPIX, PLB INDEX), market summaries, and market holiday schedules for both Main Board and Pre Listing Board. Generates revenue from data subscribers through the website and data terminals.
• YSX Training Course (YSX Academy) Investor education program offering one-month basic and advanced training courses for stock investment, including online booking options and seminar events. Includes basic and advanced course chapters, learning videos, glossary, and FAQs covering listing consulting, trading, clearing and settlement, book-entry transfer, ICT systems, and company information.
• Disclosure Services Public disclosure platform for listed and registered companies to submit annual reports, half-year reports, extraordinary reports, financial statements, and management discussions as required by SECM regulations.
• Listing Consulting Division Internal consulting arm providing free consultation services to candidate companies about listing criteria, listing regulations, and listing examination procedures. Operates under the Listing and Trading Participant Department.
• Corporate Governance Monitoring Corporate governance reporting and monitoring services for listed companies including corporate governance reports, independent director notifications, and compliance monitoring for all 8 Main Board companies.

Quantifiable outcome

• MYANPIX established at base 1,000 points on March 25, 2016; stood at 837.21 points as of July 3, 2026
• +4 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

18 partnerships are on record, tiered minor, core and flagship.

• Trust Venture Partners Co., Ltd.minorImplementation/ SI/ Consulting Partner · 28 October 2020Approved by YSX as a Registration Adviser (RA 00001) for the Pre Listing Board in accordance with Section 10 of the Securities Registration Business Regulations. Provides listing consultation services to companies considering PLB registration and eventual Main Board listing.
• Myanmar Securities Exchange Centre Co., Ltd. (MSEC)coreImplementation/ SI/ Consulting Partner · 28 October 2020Approved as both a Trading Participant (TP00001) and a Registration Adviser for the Pre Listing Board. MSEC is one of the original trading participants approved at YSX's launch (March 2016) and was the first securities company approved for online trading (December 2017). It has won multiple YSX awards for trading volume and client accounts.
• KBZ Stirling Coleman Securities Co., Ltd. (KBZSC)coreImplementation/ SI/ Consulting Partner · 28 October 2020Approved as both a Trading Participant (TP00002) and a Registration Adviser for the Pre Listing Board. KBZSC received approval for online trading in December 2017. Won YSX Securities Company Award 2019 for Most Securities Accounts opened.
• CB Securities Ltd. (CBSC)coreImplementation/ SI/ Consulting Partner · 28 October 2020Approved as both a Trading Participant (TP00003) and a Registration Adviser for the Pre Listing Board. CBSC received approval for online trading in December 2017 and won YSX Securities Company Award 2019 for Most Proprietary Trading.
• AYA Trust Securities Co., Ltd. (AYA Trust)minorImplementation/ SI/ Consulting Partner · 28 October 2020Approved as both a Trading Participant (TP00004) and a Registration Adviser for the Pre Listing Board. Received online trading approval in December 2017.
• KTZ Ruby Hill Securities Co., Ltd. (KTzRH)minorImplementation/ SI/ Consulting Partner · 28 October 2020Approved as both a Trading Participant (TP00005) and a Registration Adviser for the Pre Listing Board. Received online trading approval in May 2018, later than other initial trading participants. Investors can access KTzRH services via mobile app (Android and iOS).
• UAB Securities Limited (UABSC)minorImplementation/ SI/ Consulting Partner · 28 October 2020Approved as both a Trading Participant (TP00006) and a Registration Adviser for the Pre Listing Board. UAB Securities received online trading approval in December 2017.
• Daiwa Institute of Research Limited (DIR)coreStrategic or Co-development Partner · 28 October 2020Subsidiary of Daiwa Securities Group Inc. Served as Main Sponsor of YSX EXPO 2019. Provides research support and technical assistance to YSX in its role as a strategic partner in the exchange's development.
• Myanmar Thilawa SEZ Holdings Public Co., Ltd. (MTSH)coreChannel Partner/ Reseller/ Distributor · 1 September 2019Diamond Sponsor of YSX EXPO 2019. As a major listed company and anchor of YSX's market, MTSH's participation as sponsor demonstrates the ecosystem of listed companies supporting the exchange's investor outreach and market development activities.
• Myanmar Citizens Bank Limited (MCB)coreChannel Partner/ Reseller/ Distributor · 1 September 2019Diamond Sponsor of YSX EXPO 2019. As a listed bank, MCB supports the exchange's market development initiatives through sponsorship and participation in investor outreach events.
• Myanmar Agro Exchange Public Co., Ltd. (MAEX)minorChannel Partner/ Reseller/ Distributor · 1 September 2019Diamond Sponsor of YSX EXPO 2019. Listed agricultural exchange company that supports YSX's investor education and market promotion activities.
• Grand Guardian Insurance Public Limited (GGI)minorChannel Partner/ Reseller/ Distributor · 1 September 2019Diamond Sponsor of YSX EXPO 2019. Insurance company supporting YSX's market development activities.
• TMH Telecom Public Co., Ltd. (TMH)minorChannel Partner/ Reseller/ Distributor · 1 September 2019Platinum Sponsor of YSX EXPO 2019. Fifth listed company on YSX, participating as a sponsor to support investor education and market growth.
• First Private Bank Limited (FPB)minorChannel Partner/ Reseller/ Distributor · 1 September 2019Gold Sponsor of YSX EXPO 2019. Second listed bank on YSX, supporting the exchange's investor outreach and promotional activities.
• Securities and Exchange Commission of Myanmar (SECM)coreOthers · 1 September 2019Regulatory body overseeing YSX and the Myanmar securities market. SECM granted YSX's establishment, approves new listings, issues instructions for foreign participation, and provides policy guidance for the exchange's development.
• Kanbawza Bank Limited (KBZ Bank)coreOthers · 28 February 2016KBZ Bank is the designated fund settlement bank for YSX stock trading. Under a February 2016 agreement, KBZ Bank conducts settlement operations including payment and receipt of funds between YSX and each securities company. The partnership ensures the financial infrastructure for trade settlement.
• Japan Exchange Group Inc. (JPX)flagshipStrategic or Co-development Partner · 9 December 2015JPX is a strategic partner and shareholder in Yangon Stock Exchange Joint-Venture Co., Ltd. JPX has been involved since YSX's establishment, providing technical expertise, market development guidance, and international best practices for capital market development. JPX executives have participated in YSX's grand opening ceremony (December 2015) and YSX EXPO events. JPX served as Main Sponsor of YSX EXPO 2019.
• Daiwa Securities Group Inc. (DSG)flagshipStrategic or Co-development Partner · 9 December 2015DSG is a strategic partner and shareholder in Yangon Stock Exchange Joint-Venture Co., Ltd. DSG, through its subsidiaries Daiwa Institute of Research Limited (DIR) and Daiwa Securities Group Inc., has been involved in YSX's establishment and development. DSG executives participated in YSX's grand opening ceremony (December 2015) and have served as Main Sponsors of YSX EXPO events.

Scale indicators7 records

Recent moves11 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks1 record

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCDMTayYQyn29OjhXDCs3wvw
• Facebookfacebook.com/323627971152629
• LinkedInlinkedin.com/company/ysx-mm

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Yangon Stock Exchange