Singapore based online brokerage firm Doo Group has announced that PT Doo Financial Futures, an entity under its Doo Financial brand, has obtained regulatory licenses issued by the Indonesian Commodity Futures Trading Regulatory Authority (BAPPEBTI) (Futures Brokerage Business License: 376/BAPPEBTI/SI/VI/2004, Approval as a Participant in the Indonesian Alternative Trading System (Sistem Perdagangan Alternatif): 1159/BAPPEBTI/SI/3/2007), marking a solid step forward in its development in the Indonesian financial market.
The move comes after Doo Group recently acquired licensed Indonesian broker Prima Tangguharta Futures, as was exclusively reported here at FNG last month.
Doo Financial is an Internet brokerage brand under Doo Group, dedicated to providing investors with global securities, futures, funds, bonds, primary and secondary market securities placement and other financial product services. After strict review by BAPPEBTI, PT Doo Financial Futures successfully obtained the futures brokerage business license and approval as a participant in the Indonesian Alternative Trading System, which not only reflects its high level of compliance and professionalism, but also further expands the scope of business and provides investors with more global market opportunities.
Indonesia has a large population and economic scale, and has an important financial market position in Southeast Asia. After obtaining the license, PT Doo Financial Futures will provide customers with a full range of services including securities, futures, CFDs and over-the-counter transactions under the strict supervision of BAPPEBTI. This not only effectively enhances investor confidence, but also better meets the diversified investment needs of the local market.
In addition to the licenses issued by BAPPEBTI, Doo Financial entities also hold regulatory licenses issued by the US Securities and Exchange Commission (US SEC), the US Financial Industry Regulatory Authority (US FINRA), the Australian Securities and Investments Commission (AU ASIC), the Hong Kong Securities and Futures Commission (HK SFC), the Labuan Financial Services Authority of Malaysia (MY Labuan FSA), and the Monetary Authority of Singapore (SG MAS).
The company said that the issuance of this license is an important milestone for Doo Group to develop the Indonesian and even Southeast Asian markets. In the future, the company said it will make full use of Indonesia’s advantages in the Southeast Asian financial market, deeply explore the unlimited potential of this market, and improve the group’s layout in the Southeast Asian market.
