CAMBODIA’S central counterparty firm, Derivatives Exchange (CDX), announced their cooperation with Indonesia-based Jakarta Futures Exchange (JFX) on Friday and expressed hope that the move would boost growth in the Kingdom’s derivatives trading market.

Signed in Phnom Penh, the agreement was facilitated by the Securities and Exchange Commission of Cambodia (SECC).

SECC Director-General Sou Socheat said since its launching three years ago, Cambodia’s derivatives market is showing of progress.

“After launching the market in 2015, we are seeing noteworthy improvement as the sector gets more awareness and confidence,” he said.

Derivatives trading consists of two main entities, a brokerage firm and central counterparty that acts as a clearing househttps://www.phnompenhpost.com/business/indonesia-exchange-links-cdx