CDX Holds Meeting with ADSS for Further Development in UAE and Cambodia

Cambodia-based Cambodian Derivatives Exchange (“CDX”) held a meeting on June 18, 2019 with ADSS in Dubai, United Arab Emirates, to explore the possibility of a strong partnership in further developing the financial industry, particularly derivatives trading in both Cambodia and the Emirates. On the occasion, high representatives of CDX including Director Mr. Lawrence Kook, along with Mr. Hasan Hamd, Senior Institutional Sales Manager of ADSS, discussed on a number of common interests and plans for the collaboration and development.

CDX is a leading clearing house in Cambodia and has increasingly gained global recognition through its active participation in various international exhibitions and conferences. CDX has also worked closely with Cambodia derivatives regulator Securities and Exchange Commission of Cambodia (“SECC”), inspiring the licensing of market players and enhancing the standards of regulated derivatives market in the country.

“We are really happy with this fruitful meeting. Each and every one of us at CDX always looks to expand our business and contribute to the advancement of derivatives trading in other territories following our history making in Cambodia. United Arab Emirates consist of numerous developed derivative firms, payment gateway institutions, and fintechs, and ADSS is an established entity here, so it is great to collaborate with them to get more hands in bringing our industry forward,” said Mr. Lawrence.

Headquartered in Abu Dhabi, ADSS is a financial services company offering online trading, investment, wealth management and asset management services for institutional, private and retail clients. It also provides foreign investment markets analysis on CNBC, Bloomberg, and CNBC Arabiya.

Based on the agenda of the meeting, a Chinese community of businessmen is expected to be created and developed in the Emirates in bid to add many more market players to the derivatives market, which would lead to more trading volumes and capitals, but this is not limited to investment in other fields, say, tourism, manufacturing, and construction and real estate, to name a few. For Cambodia, there would potentially be an influx of investors coming to apply for licenses to operate derivatives business, which would in turn make way for a healthy flow of financial transactions, the enrichment of human resources and education, the creation of job opportunities, and the rise in real estate sector.