Viet Dragon Securities joins derivatives market

Thursday, Aug 30, 2018 08:48

Viet Dragon Securities Corporation has become the latest trading member of the derivatives market. — Photo

Viet Dragon Securities Corporation (VDSC) on Tuesday became the newest trading member of the derivatives market.

Viet Nam’s derivatives market has been operating for more than one year but it has made some great achievements with rising trading liquidity, which proves the market has quite high development potential.

According to VDSC general director Nguyen Hieu, the company has done a lot of work to meet requirements on financial status, risk management, and consultancy and management personnel.

The company has also upgraded its IT infrastructure and improved its partners’ derivatives trading systems.

The company would also provide investors with internet-connected devices and applications to make their trading activities more convenient and less risky, he said.

The participation of VDSC in the derivatives market has raised the total number of trading members to 10.

Other derivatives trading members included BIDV Securities Corp (BSC), Saigon Securities Inc (SSI), MB Securities JSC (MBS) and HCM City Securities Corp (HSC).

VDSC is listing more than 100 million shares on the HCM Stock Exchange with ticket VDS. Its shares have rallied total 26.6 per cent since August 16 to close Wednesday at VND10,000 (US$0.44) per share.

In the first six months, VDSC earned VND54.3 billion ($2.4 million) worth of post-tax profit, down 5 per cent year on year. The company has fulfilled 38 per cent of its full-year profit target. — VNS

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