Securities market to introduce new product in 2018

Le Hai Tra, head of the management board of HSX, announced that the bourse has finished the majority of preparations to launch CW in March, including securing the approval of regulators and the opinions of the market niche. Regarding the CW trading system, HSX previously partnered up with several associate member securities companies to conduct three test runs in beta test trading transactions prior to the launch. To date, key securities companies, including Saigon Securities Incorporation (SSI), Ho Chi Minh City Securities Corporation (HSC), VNDirect Securities Corporation (VND), and MB Securities Joint Stock Company (MBS), announced launching the first phase of applying CW on the securities market. In order to prepare for the debut in March, these securities companies were reported to wrap up the market creation and risk prevention system as well as perfect human resources and business process management. Simultaneously, HSX collaborated with its associate securities companies in the finalising process, who helped offer CW to interested investors as well as held solicited training sessions from foreign credentialed professionals in the field of financial instruments. Due to the highly distinctive features of CW, such as high leveragability and profitability in comparison to conventional stocks, the option will likely suit investors of high risk appetite and tolerance and those equipped with a certain amount of knowledge in trading new types of securitised options on a conventional securities market. With the intent to facilitate investors’ access to CW within the early days of launching, HSX decided to nominate stocks—the most basic… [Read full story]

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