Doo Group Broadens Global Footprint with Indonesian Broker Acquisition

Singapore-headquartered brokerage firm Doo Group has announced its acquisition of PT Prima Tangguharta Futures, a Jakarta-based broker specialising in online derivatives trading. This move represents a significant step in Doo Group's regional expansion strategy and reinforces its growing presence in Southeast Asia.

Established in 2004, PT Prima Tangguharta Futures offers trading services in foreign exchange derivative contracts, stock indices, commodities, and Contracts for Difference (CFDs). The firm operates on the widely adopted MT5 trading platform, catering to a local client base with a focus on accessible, online trading solutions.

The acquisition includes the integration of a licence issued by Indonesias commodities and derivatives regulator, the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI). Doo Group is in the process of rebranding the entity to PT Doo Financial Futures, with the existing website (ptf.co.id) set to transition to id.doofinancial.com, pending regulatory approvals for the name change.

This development is the latest in a series of strategic acquisitions by Doo Group as it aims to strengthen its global regulatory coverage and expand its service offerings. Earlier this year, the brokerage obtained a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS), enhancing its operations in its home market. It also secured a Type 1 licence in Hong Kong, providing greater flexibility in offering financial products in the region.

In addition, Doo Group recently added a licence from the Cyprus Securities and Exchange Commission (CySEC), enabling it to penetrate the European retail trading market for CFDs. These efforts reflect the company's focus on adhering to stringent regulatory standards across multiple jurisdictions, underscoring its commitment to providing secure and compliant trading environments.