Derivative trading in the kingdom continues to mature as traders become more acquainted with the market, said a high-ranking official at the Securities and Exchange Commission.
Speaking at a workshop yesterday, Sou Socheat, SECC’s director general, said the industry’s progression was also aided by the decision last year to slash transaction fees.
“The attitude of traders has changed remarkably with regards to risk and to the legal framework,” Mr Socheat said. “Before they didn’t understand the market well, but this has changed. They now know what the risks are and how to manage them.”
He said the market now trades in forex, gold, silver and oil, adding that they will consider new products suggested by central counterparty clearing houses (CPPs) as long as they are suitable and relevant in the market.
Mr Socheat encouraged more players to join the sector to help the industry develop further.
Lawrence Kook, director of Cambodian Derivatives Exchange, also believes awareness among the industry’s players has increased notably in recent years. He said more and more CPPs and derivative brokers are training customers through workshops, seminars and other events.
