CDX and SECC Boost Cambodia Derivatives Market with Partnership Launch of Global Derivatives Training Accessibility

CDX and SECC Boost Cambodia Derivatives Market with Partnership Launch of Global Derivatives Training Accessibility

Cambodian Derivatives Exchange (“CDX”) and Securities and Exchange Commission of Cambodia (“SECC”) have officially launched partnership for providing derivatives training accessibility globally in bid to enrich the required quality of derivatives market players and concerned personnel, regardless of any locations and circumstances. Held on June 24, 2020 at CDX’s headquarter, the launching event was graced with the presence of H.E. Mr. Sou Socheat, Director General of SECC, H.E. Mr. Sok Dara, Deputy Director General of SECC, Her Excellency Chhay Leakhena, Chairwoman of CDX, Ms. Nancy Chau, Director of CDX, and Ms. Jen Tran, also Director of CDX, along with honorable guests and top representatives from derivative brokers. Another Director of CDX Mr. Lawrence Kook, and General Manager of CDX Ms. Monisa Yang registered their participation via modernized online application to show their support and passion about the two entities’ common missions to instill knowledge and skills, to educate the public about regulations and how to be successful with derivatives business in Cambodia, and to promote derivatives market to the world.

CDX has worked closely with SECC on setting up the training, and based on the partnership scope, CDX will provide professional trainers, fine-tuned training materials, complete trainee support, standardized examination design, and continuous program promotion.

“Nothing will stop us from living our dreams. Nothing will slow down our desire to reach our goals of developing human resources, fostering derivatives market, and boosting Cambodia’s economy. Although the whole world has been suffering from the Coronavirus outbreak, our industry still looks strong, and we are taking part in utilizing technology to make it stronger and productive,” said Her Excellency Chhay Leakhena.

Prior to this new partnership, CDX and SECC had formed an inseparable collaboration in providing education to the public in all cities and provinces of Cambodia, providing platforms for cross-sector investment, exposing Cambodia derivatives market on the international stage, and making things easier for foreign investors to come invest in the country. These past successful experiences set a substantial foundation for many more current and future achievements.

“We always have great honor for being SECC’s long-lasting partner, and by combining their leadership and our expertise as well as experience, we have high expectations on this training program,” said Mr. Lawrence Kook.

With the global derivatives training, trainees do not have to be physically present at training venues and the training itself faces less restrictions, especially during this Covid-19 period when social distancing is applied; therefore, its launch is wholly welcomed.

“Worldwide accessibility is a core advantage of this global derivatives training. It means even people at provinces and those living overseas can now access our program, thus saving their resources and making them qualified as approved persons in terms of knowledge, skills, and experience in our derivatives market. We are happy with this program and have great pleasure to work with CDX, a professional and outstanding exchange. Together, we will bring benefits to our people, our country, and the entire derivatives market,” said H.E. Mr. Sou Socheat.

The first ever session of the global derivatives training is expected to kick off in the very near future.