ALPHA GOLD FUTURES � a joint venture between ALPHA GOLD based in Indonesia and local conglomerate Keo Maly Group � launched its derivative trading service here on Dec. 6 in Cambodia's market.
Gold and Forex (Foreign Exchange) are the first products that company allows for trading for investors, said Ms. Keo Maly, Chairwoman of ALPHA GOLD FUTURES.
We are currently developing our business to become a one-roof-futures-company, so that our valuable clients would be completely assisted and assured that their investment in our company is secure and reliable, she said.
The company was granted license as Derivatives Broker from the Securities and Exchange Commission of Cambodia (SECC) in November this year.
According to SECC, there are now more than ten derivatives brokers and four clearing houses in the country's stock market.
Derivatives are financial contracts that derive their value from an underlying asset. These could be stocks, indices, commodities, currencies, exchange rates, or the rate of interest. These financial instruments help investors make profits by betting on the future value of the underlying asset.
The derivatives market in Cambodia was officially operated in 2015.
Source: Agency Kampuchea Press