Blackwell Global starts derivative brokerage business in Cambodia

Multi-asset brokerage Blackwell Global yesterday started its business in Cambodia after receiving a derivative broker’s license from the Securities and Exchange Commission of Cambodia (SECC) early last year. According to the company’s press release, it is the fifth license issued by the SECC and allows Blackwell to operate and provide forex and CFD (contract for difference) trading services within the country. Avis Wang, managing director for Blackwell Global Cambodia, said that his company would bring the latest trading technology for the Cambodian market. A CFD is a contract to exchange the difference in the value of a financial instrument (the underlying asset) between the time at which the contract is opened and the time it is closed. (Source: Khmer Times)