Experts believe that once the KRX trading system begins official operations, many international organisations will re-evaluate the Vietnamese market to upgrade it to an emerging market.
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 percent to about 212,623 contracts per session, according to statistics from the Hanoi Stock Exchange (HNX).
The Vietnamese derivatives market has picked up over the last three weeks, with total trading volume nearly reaching the total figure recorded in September.
The derivatives market recorded a sharp fall in the number of transactions in September compared to the previous month, according to the Hanoi Stock Exchange (HNX).
After two years of operation, smaller securities firms in terms of market capitalisation have beaten big players in derivatives brokerage market share.
The launch of Government bond futures contracts will give the derivatives market a larger selection of investments and the contracts promise to become an effective tool to prevent interest rate risks.
Government bond futures contract, a new product in the derivatives market, will be traded on the Hanoi Stock Exchange on July 4, the State Securities Commission (SSC) has said.
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.
The liquidity on the derivatives market has shown signs of improvement and stabilising in the past two weeks, beating previous projection that the new trading fees may discourage them from derivative trading.
On the first day of the New Year, the Government issued Resolution No 01/NQ-CP/2019 for the robust development of the securities market, especially the derivatives segment.
The Ministry of Finance has issued new securities-related service regulations for trading organisations and commercial banks doing business in Vietnam’s stock market.
The Hanoi Stock exchange (HNX) has improved its share, bond and derivatives markets considerably in 2018 and will continue to enhance the markets’ operation in 2019.
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