Derivatives liquidity down in September

Monday, Oct 08, 2018 17:48

The sign of the Ha Noi Stock Exchange. Derivatives market trading liquidity fell 15 per cent compared to August despite the number of accounts rose 10 per cent. — Photo

Trading liquidity of the derivatives market fell in September despite the number of trading accounts rising 9 per cent from August, according to the Ha Noi Stock Exchange (HNX).

Market liquidity dropped 15 per cent monthly in September with trading volume reaching 1.6 million contracts, per HNX.

Domestic individual investors accounted for 99 per cent of total transactions while domestic institutional investors accounted for only 0.55 per cent. The figure for foreign investors was 0.12 per cent.

The number of accounts on the derivatives market increased by 10 per cent monthly to 46,556.

Open interest (OI) – the total number of open or outstanding options and/or futures contracts – was down 5 per cent from August to 14,615 contracts.

There are now four futures contracts available for trading, namely VN30F1810, VN30F1811, VN30F1812 and VN30F1903.

The four contracts will expire in October, November and December of 2018 and March 2019, respectively.

In September, the HNX approved the market trading membership for ACB Securities JSC, raising the number of market members to 11 securities firms. — VNS

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