According to reports by the Hanoi
Stock Exchange (HNX), Vietnam’s derivatives market has finished its first month
in operation with significant results and growing attention from investors.
Data from the HNX indicate that for the one-month period from
August 10 to September 8, the newly established derivatives market has
witnessed a considerable increase in terms of contracts, options, and accounts
opened on the exchange.
By September 8, up to 7,849 accounts trading on the derivatives
market have been opened, with a total of 85,641 delivered futures contracts
worth up to 6.45 trillion VND (287.4 million USD).
On average, each trading session would yield up to 4,078 options
at 307.1 billion VND (13.68 million USD).
At the end of September 8’s trading session, a total of 2,709 open
interests were on the market.
In the past month, the HNX has recorded 92,812 options on the
market, of which 49,513 have reached maturity.
Since August 10, the HNX has put up five futures contract
codes based on the VN30 index, of which the VN30F1708 code reached maturity on
August 17, 2017.
Investors have been showing greater interest in contracts with
closer maturity dates, in accordance with international norms.
At present, the other four contract codes currently being traded
are VN30F1709, VN30F1710, VN30F1712, and VN30F1803.
Since the commemoration of the Vietnamese derivatives market, all
technological infrastructure including the exchange, market payment system, and
information disclosure system, have been running smoothly, stably and safely
with no malfunctions.
Systematic transactions and information exchanges among the HNX,
the Vietnam Securities Depository Centre, the Vietnam Joint Stock Commercial
Bank for Industry and Trade, and other participants on the market are up to
date and regular, with all maturity payments following regulations.
The HNX has been providing investors with comprehensive market
information on their website with frequent updates, helping traders make
appropriate decisions and anticipate market trends.
They also supply a constant stream of derivatives products that
are suitable for various investing purposes, most notably futures contracts based
on government bonds.-VNA