HCM City Securities Corporation (HSC) had the biggest market share on the derivatives market in the third quarter of 2018, according to the Ha Noi Stock Exchange.

Of the 11 securities companies that are allowed to operate in the derivatives market, HSC held a 25.35 per cent market share.

HSC was followed by VNDirect Securities JSC (23.98 per cent), MB Securities JSC (15.88 per cent) and Saigon Securities Inc (15.40 per cent).

Other securities firms with less than 10 per cent market share included VPBank Securities JSC (9.87 per cent), BIDV Securities JSC (4.65 per cent) and Viet Capital Securities Co (2.84 per cent).

The three new securities companies whose operation on the derivatives market had been accepted earlier by the HNX were Viet Dragon Securities JSC, KIS Vietnam Securities Co and Vietcombank Securities Co Ltd.

Those three brokerage firms held market shares of 0.21 per cent, 0.43 per cent and 1.39 per cent, respectively.

Trading volume of the derivatives market fell for a second month to more than 1.55 million contracts in September, 14.87 per cent lower than August, HNX reported.

The market’s open interest dropped 4.6 per cent from one month earlier to 14,615 contracts at the end of last month, down from August number of 15,320 contracts.

The number of trading accounts rose 9.6 per cent over one month to more than 45,500 accounts at the end of September. — VNS