Government to warn ‘illegal’ futures brokers

The government is to issue a formal warning to “illegal” online futures trading companies to stop trading once offices reopen at the end of the Myanmar new year holidays today, according to U Maung Maung Thein, deputy minister for finance. “They are not operating in accordance with related laws. And we are seriously afraid that […]

Online futures trading grows along with industry fears

Online futures trading is taking hold, though the potential for losses is large and trading should be properly regulated, experts warn. Myanmar people with internet access are able to sign up with a number of local companies that provide online trading platforms. Users can then make trades on futures markets in foreign countries, such as […]

DICA licences not enough to allow futures trading, official says

The Directorate of Investment and Company Administration is registering companies to trade futures online, but it is not responsible for oversight of the business, according to deputy director Daw Nilar Mu. A number of companies have set up futures brokerages in Myanmar. They allow clients to trade through online platforms on international futures markets though […]