Cambodian Derivatives Exchange (“CDX”), together with Securities and Exchange Commission of Cambodia (“SECC”), has brought Cambodia derivatives market to another giant step forward through their active participation and extensive promotion at the London Summit 2019, one of the world’s largest exhibitions. Lasting from November 12 to November 13 at Old Billingsgate, England, the summit gathered thousands of financial services professionals for networking and business collaboration, investment opportunities, experience and strategy exchange as well as education.
This recent participation marks the third time that CDX has been at the London Summit in addition to the company’s presence at other global exhibitions including the iFX Expo International in Cyprus and the iFX Expo Asia in Hong Kong. It is also the second time of SECC for partaking in such event following the entity’s attendance in Hong Kong early this year. Not many companies and specially industry regulators in the ASEAN region have achieved this success, to date.
“The period of our country Cambodia and our derivatives market being unheard on the international stage is gradually over. Throughout the two days of this event, we have met a multitude of exhibitors and exhibition participants. Little by little we have imparted them with the overview of our country as well as the insight of our derivatives market. We are satisfied with the progress and we feel good to hear those people talking about us and Cambodia shortly afterwards,” said H.E. Mr. Sok Dara, Deputy Director General of SECC.
As one of the regulators and ardent supporter of the London Summit 2019, Dr. Vin Pheakdey, Director of Securities Intermediaries Supervision Department of SECC, held a firm belief that doing something for Cambodia at the exhibition was a genuinely proud accomplishment.
“We are here for Cambodia. We are here for our market, and again we are here for the whole industry, to the global extent. We are proud to expose our country to the world and bring back new experience and ideas for the betterment and brighter era of our derivatives market,” said Dr. Pheakdey.
Maintaining its status as the most active promoter of the local derivatives market, CDX brought about win-win strategies for both Cambodia and overseas investors.
“Many advantages can be exploited for not only Cambodia but also foreign investors in a picture that Cambodia and its derivatives market are better known, and those investors are introduced with golden investment opportunities in the territory. Once a deal is concluded, there will be lots of benefits for all parties, including the rise in economy, human resources and education, employment, real estate, and return on investment,” said Mr. Lawrence Kook, Director of CDX and a member of the team appearing and putting great efforts into widely spreading the awareness of the local market at the summit.
In response to an expected increase in foreign direct investments in Cambodia, particularly in the derivatives sector, CDX has made itself a one-stop solution provider and a home for derivative brokers.
“We started to open our door for derivative brokers officially in 2016. Since then, we have contributed continuously to the growth of Cambodia derivatives market under the leadership of SECC. Commitment and the passion about making history have been our biggest drive. Excellent quality has been our set standard, and longevity has been our core value. Therefore, we have kept developing ourselves and making sure that our brokers get the best possible services,” added Mr. Lawrence Kook.
Domestically, CDX has also been co-organizing with SECC and provincial halls in running their roadshow 2019, the continuation of their roadshow 2018, in order to share investment-related knowledge, skills, experiences, regulations, and opportunities to the Cambodian public. A beautiful journey to all cities and provinces of Cambodia will have been completed by the next few months.
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