PT. Doo Financial Futures, a subsidiary of Doo Group, has received regulatory approval from Indonesia's Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI), the country's commodities futures trading regulatory agency.

Doo Financial Obtains Indonesian Regulatory Licenses

Under the new licenses, PT. Doo Financial Futures is authorized to provide services including securities, futures, contracts for difference (CFDs), and over-the-counter (OTC) trading solutions in the Indonesian market.

The entity operates under Doo Financial, a brand of Doo Group, which maintains regulatory licenses from multiple jurisdictions, including US, Australia, Hong Kong and Singapore.

The company received both a Futures Brokerage Business License and approval as a participant in the Alternative Trading System, enabling it to offer a comprehensive suite of financial services in Southeast Asia's largest economy.

“This significant achievement underscores our commitment to maintaining high standards of compliance and professionalism while broadening our business scope, providing investors with greater opportunities in the global markets,” the company commented in the official press release.

For the company, this is another important regulatory update after it secured its CySEC license in November. It allows the CFDs broker to offer its trading services to retail clients across Europe.

Doo Financial provider secured two licenses:

• Futures Brokerage Business License (376/BAPPEBTI/SI/VI/2004)
• Approval as Participant of Alternative Trading System (1159/BAPPEBTI/SI/3/2007).

The BAPPEBTI, established in 2005, oversees Indonesia's commodities and futures trading sector, implementing regulatory measures focused on market fairness, transparency, and stability. The agency evaluates companies based on their capitalization, risk management systems, and operational compliance standards.

Indonesia Becoming More Popular

Indonesia, representing a significant market in Southeast Asia, continues to develop its financial services sector under regulatory oversight. The country's financial markets operate within a framework of regulatory requirements designed to ensure market stability and investor protection.

For example, in March, XTB acquired local broker in the country to make Indonesia its “gateway to Asia” and local markets. In a nation of nearly 300 million people, accounting for 70% of the European Union's total population, approximately 12 million individuals invest. Data from the Indonesia Central Securities Depository in September 2023 shows a 14% year-over-year growth in this figure.

“We will continue to monitor the dynamics of the Indonesian market and regulatory policies to ensure compliance and the sound operation of our business,” the company added. “Moving forward, we will leverage Indonesia’s diverse advantages in the Southeast Asian financial market to fully tap into its unlimited potential, strengthening our presence in the region.”

The regulatory approval enables PT. Doo Financial Futures to expand its operations in Indonesia's financial markets while adhering to local regulatory standards and compliance requirements.