Entity under Doo Financial Obtains License from the Indonesian Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI)

News | 18 Dec 2024 11:04/AM GMT

Recently, PT. Doo Financial Futures, an operating entity under Doo Group’s brand, Doo Financial, successfully obtained regulatory license from the Indonesian Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI). This includes a Futures Brokerage Business License (376/BAPPEBTI/SI/VI/2004) and Approval as Participant of Alternative Trading System (Sistem Perdagangan Alternatif) (1159/BAPPEBTI/SI/3/2007). This milestone represents a key advancement in our growth within the Indonesian financial market, reflecting our commitment to fostering innovation and trust in the region.

Achieving Regulatory Milestone: BAPPEBTI License Granted

In 2005, the Indonesian Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) was established to regulate specific financial service sectors in Indonesia. The regulatory body is dedicated to ensuring market fairness, transparency, and stability through strict regulatory measures. Beyond requiring strong capitalization and effective risk management capabilities, BAPPEBTI also enforces high standards for compliance and business transparency. Obtaining a regulatory license from BAPPEBTI is therefore a significant endorsement of a company’s strength and credibility.

As an online brokerage brand under Doo Group, Doo Financial is committed to offering investors a diverse range of financial products and services, including global securities, futures, funds, bonds, primary and secondary market securities placements. After a thorough evaluation by the BAPPEBTI, PT. Doo Financial Futures has successfully obtained the Futures Brokerage Business License and Approval as Participant of Alternative Trading System. 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.

Seizing New Opportunities in the Indonesian Market

Indonesia, with its vast population and robust economy scale, holds a significant presence in Southeast Asian financial markets. Under the strict supervision of BAPPEBTI, PT. Doo Financial Futures is now authorized to offer a diverse range of services, including securities, futures, contracts for difference (CFDs), and over-the-counter (OTC) trading solutions for investors. This development not only bolsters investor confidence but also better meets the diverse investment needs of the local market.

Simultaneously, we will continue to monitor the dynamics of the Indonesian market and regulatory policies to ensure compliance and the sound operation of our business. In addition to the licenses granted by BAPPEBTI, entities operating under Doo Financial also hold regulatory licenses from respected authorities, including the U.S. Securities and Exchange Commission (US SEC), the U.S. Financial Industry Regulatory Authority (US FINRA), the Australian Securities and Investments Commission (ASIC), the Hong Kong Securities and Futures Commission (HK SFC), the Malaysian Labuan Financial Services Authority (MY Labuan FSA), and the Monetary Authority of Singapore (SG MAS).

The issuance of this license marks a significant milestone in Doo Group’s expansion into the Indonesian and broader Southeast Asian markets. 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. This key development serves as an opportunity for us to further enhance the group’s capabilities and service standards. As we continue to explore new investment opportunities, we remain committed to delivering higher-quality and more convenient services to investors.