The Securities and Exchange Commission of Cambodia (SECC) has approved in principle five new derivatives trading licences.
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Golden Fortune (Cambodia) Securities, TFB Global Investment, BIC Market, Golden FX Link Capital and Golden Wealth Capital have all been granted initial approval to operate in the local derivatives market.
However, to gain final approval and be officially allowed to act as a brokerage firm they will have to prove they meet a set of requirements imposed by SECC.
“The derivative trading sector has been performing well following SECC issuance of principals to reduce the commission fee. This has attracted investors,” said Sok Dara, deputy director-general of SECC.
He said there are currently four central counterparty clearing houses (CCPs) and 11 derivatives brokers in the local derivatives market.
The 11 derivatives brokers are Cambodian Derivatives Exchange, Phnom Penh Securities, Royal Financial Corporation, Gold Financial Global Investment, GoldFx Investment, Phnom Penh Derivative Exchange, Askap Asset Management, Blackwell Global Investment (Cambodia), Richwill Japan, Alpha Gold Futures and Sky Precious Metals.