PT. Doo
Financial Futures, a subsidiary of Doo Group, has received regulatory approval
from Indonesia’s Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI), the
country’s commodities futures trading regulatory agency.
Doo Financial Obtains
Indonesian Regulatory Licenses
Under the
new licenses, PT. Doo Financial Futures is authorized to provide services
including securities, futures, contracts for difference (CFDs), and
over-the-counter (OTC) trading solutions in the Indonesian market.
The entity
operates under Doo Financial, a brand of Doo Group, which
maintains regulatory licenses from multiple jurisdictions, including US,
Australia, Hong Kong and Singapore.
The company
received both a Futures Brokerage Business License and approval as a
participant in the Alternative Trading System, enabling it to offer a
comprehensive suite of financial services in Southeast Asia’s largest economy.
“This
significant achievement underscores our commitment to maintaining high
standards of compliance and professionalism while broadening our business
scope, providing investors with greater opportunities in the global markets,”
the company commented in the official press release.
For the company, this is another important regulatory update after it secured its CySEC license in November. It allows the CFDs broker to offer
its trading services to retail clients across Europe.
Doo
Financial provider secured two licenses:
- Futures
Brokerage Business License (376/BAPPEBTI/SI/VI/2004) - Approval as
Participant of Alternative Trading System (1159/BAPPEBTI/SI/3/2007).
The
BAPPEBTI, established in 2005, oversees Indonesia’s commodities and futures
trading sector, implementing regulatory measures focused on market fairness,
transparency, and stability. The agency evaluates companies based on their
capitalization, risk management systems, and operational compliance standards.
Indonesia Becoming More
Popular
Indonesia,
representing a significant market in Southeast Asia, continues to develop its
financial services sector under regulatory oversight. The country’s financial
markets operate within a framework of regulatory requirements designed to
ensure market stability and investor protection.
For
example, in March, XTB
acquired local broker in the country to make Indonesia its “gateway to Asia”
and local markets. In a nation of nearly 300 million people, accounting for 70%
of the European Union’s total population, approximately 12 million individuals
invest. Data from the Indonesia Central Securities Depository in September 2023
shows a 14% year-over-year growth in this figure.
“We will
continue to monitor the dynamics of the Indonesian market and regulatory
policies to ensure compliance and the sound operation of our business,” the
company added. “Moving forward, we will leverage Indonesia’s diverse advantages
in the Southeast Asian financial market to fully tap into its unlimited
potential, strengthening our presence in the region.”
The
regulatory approval enables PT. Doo Financial Futures to expand its operations
in Indonesia’s financial markets while adhering to local regulatory standards
and compliance requirements.
PT. Doo
Financial Futures, a subsidiary of Doo Group, has received regulatory approval
from Indonesia’s Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI), the
country’s commodities futures trading regulatory agency.
Doo Financial Obtains
Indonesian Regulatory Licenses
Under the
new licenses, PT. Doo Financial Futures is authorized to provide services
including securities, futures, contracts for difference (CFDs), and
over-the-counter (OTC) trading solutions in the Indonesian market.
The entity
operates under Doo Financial, a brand of Doo Group, which
maintains regulatory licenses from multiple jurisdictions, including US,
Australia, Hong Kong and Singapore.
The company
received both a Futures Brokerage Business License and approval as a
participant in the Alternative Trading System, enabling it to offer a
comprehensive suite of financial services in Southeast Asia’s largest economy.
“This
significant achievement underscores our commitment to maintaining high
standards of compliance and professionalism while broadening our business
scope, providing investors with greater opportunities in the global markets,”
the company commented in the official press release.
For the company, this is another important regulatory update after it secured its CySEC license in November. It allows the CFDs broker to offer
its trading services to retail clients across Europe.
Doo
Financial provider secured two licenses:
- Futures
Brokerage Business License (376/BAPPEBTI/SI/VI/2004) - Approval as
Participant of Alternative Trading System (1159/BAPPEBTI/SI/3/2007).
The
BAPPEBTI, established in 2005, oversees Indonesia’s commodities and futures
trading sector, implementing regulatory measures focused on market fairness,
transparency, and stability. The agency evaluates companies based on their
capitalization, risk management systems, and operational compliance standards.
Indonesia Becoming More
Popular
Indonesia,
representing a significant market in Southeast Asia, continues to develop its
financial services sector under regulatory oversight. The country’s financial
markets operate within a framework of regulatory requirements designed to
ensure market stability and investor protection.
For
example, in March, XTB
acquired local broker in the country to make Indonesia its “gateway to Asia”
and local markets. In a nation of nearly 300 million people, accounting for 70%
of the European Union’s total population, approximately 12 million individuals
invest. Data from the Indonesia Central Securities Depository in September 2023
shows a 14% year-over-year growth in this figure.
“We will
continue to monitor the dynamics of the Indonesian market and regulatory
policies to ensure compliance and the sound operation of our business,” the
company added. “Moving forward, we will leverage Indonesia’s diverse advantages
in the Southeast Asian financial market to fully tap into its unlimited
potential, strengthening our presence in the region.”
The
regulatory approval enables PT. Doo Financial Futures to expand its operations
in Indonesia’s financial markets while adhering to local regulatory standards
and compliance requirements.
This post is originally published on FINANCEMAGNATES.
