Even though the Vietnamese derivatives market has been operating for five years, it has few products. Therefore, it is necessary to new products to increase the market’s appeal, said experts.
Viet Nam’s stock market mobilised total capital of VND292.1 trillion (US$12.8 billion) in the first nine months of this year, up 12 per cent compared to the previous year.
The 10-year government bond future contracts will be officially launched on derivatives market from June 28, according to the Hanoi Stock Exchange (HNX).
Transactions on the derivatives market in July increased compared to June with average trading volume up by 18.59 per cent to about 212,623 contracts per session, according to statistics from the Ha Noi Stock Exchange (HNX).
Investors will also enjoy a 15-20 per cent cut of charges for position management and margin collateral management when trading on the derivatives market.
The market’s movement has complied with the unpredictability of the global stocks markets, weighed down by the trade wars and worries about the global economic recession.
After two years of operation, smaller securities firms in terms of market capitalisation have beaten big players in derivatives brokerage market share.
The Ha Noi Stock Exchange on Thursday officially launched the government bond futures contract, the second derivatives market product in Viet Nam since the index futures in August 2017.
Trading volume of derivatives plummeted in April in parallel with the sluggishness of the underlying market, showing an increasingly close link between these two markets.