UK-based multi-asset brokerage firm Blackwell Global became the fifth company to secure a derivative broker licence from the Securities and Exchange Commission of Cambodia (SECC) since it began regulating the sector in late 2015, the company said in a press release yesterday.

The firm is set to launch formal operations in Phnom Penh early next month and will provide forex and contract for difference (CFD) trading services, it said. Blackwell Global currently has derivative operations in over 90 countries with main offices in Cyprus, Hong Kong, New Zealand and the UK.