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 […]

Stock exchange service providers face staffing trouble

The Yangon Stock Exchange is slated to start by October, though the securities industry faces a shortage of skilled workers, according to experts. Working on capital markets requires specialised knowledge that is currently in short supply, given Myanmar has never had a modern stock exchange. Deputy finance minister U Maung Maung Thein previously said that […]