SECC to stop issuing derivatives licenses

The Securities and Exchange Commission of Cambodia (SECC) will stop issuing any new licenses for central counterparty for derivatives trading after issuing four licenses so far, saying it is optimal for a small market like Cambodia. Sok Dara, SECC’s deputy director-general, said the market regulator wanted to gauge the effectiveness of the country’s derivatives market, but added that the suspension of license issuance did not apply to derivatives brokers. According to the SECC, foreign exchange, which includes US dollars, the British pound, the euro, and the Japanese yen, is available for trading on the derivatives market. Also included are gold and silver, and other commodities on the spot market. (Source: Khmer Times)