SSI top brokerage in Hanoi derivatives market

The Vietnamese derivatives market officially opened on August 10, 2017. This long-awaited move is expected to add the appeal to the Vietnamese stock market. Vietnam has become the fifth ASEAN country alongside Singapore, Malaysia, Indonesia and Thailand and the 42nd country in the world to have this high-end financial market. A derivative is in essence a financial contract made today by the two parties - one buyer and one seller - for a transaction to be settled at a certain time in the future. At present, 1,300 accounts have registered with the Vietnam Securities Depository (VSD) for derivatives trading, said…... [read more]

In the middle of this month, the Ha Noi Stock Exchange (HNX) and the Viet Nam Securities Depository (VSD) announced that members could test the market in September and October with HNX and VSD, which played the role of market operator and clearing house, before the official launch of the market.While the market aims to help investors identify and mitigate risks, and diversify into other investment channels, most of the companies are concerned about the difficulties that could arise during operations.Nguyễn Thanh Thảo, CEO of Thiên Việt Securities Company, said a derivative market could include products such as stocks, cash-settled…... [read more]

The Ha Noi Stock Exchange has issued its membership regulations for derivative market trading, which is scheduled to start operation in the second quarter of this year.Pursuant to Decree 42/2015/ND-CP, dated July 1, 2015—which lays out the legal framework for trading derivative securities in Viet Nam—there are four types of members, including trading member (securities companies), special trading member (commercial banks), market maker and clearing members.Only Vietnamese entities can become trading members.To become a trading member, securities firms must be licensed by the State Securities Commission with a certificate of satisfaction of conditions for derivatives brokerage, while a commercial bank…... [read more]

Viet Nam’s stock exchange is poised to take its next step forward with the opening of the derivates market next month. This is expected to help investors hedge against risks and increase their confidence in the local securities market. Nguyen Thanh Long, Chairman of the Ha Noi Stock Exchange, speaks to Vietnam News Agency about the market’s preparations and expectations.What are the advantages and difficulties in developing a derivatives market in Viet Nam?Since Viet Nam lags behind other countries in developing the derivatives market, we can learn from their experiences, as stated in the derivatives market development plan approved by…... [read more]

Viet Nam’s first derivatives market is expected to become operational next year, according to a top stock market official.Nguyen Thi Hoang Lan, vice chairwoman of the Ha Noi Stock Exchange, told a seminar on risk prevention in the derivatives market held in HCM City yesterday that next month the results of the market’s trial run would be reported to the Government and official trading would begin in the first quarter of 2017.“In the initial stage the products will be simple ones like futures contracts for indexes and Government bonds, and more complicated products will be introduced later,” said Lan.Dang Tai…... [read more]

A trader follows transactions on screen as Vietnamese shares yesterday extended losses for the fourth day in a row. — VNS Photo Doan Tung HA NOI (VNS) — The role of financial institutions in Viet Nam was essential for the derivatives market, said Can Van Luc, vice-president of the Bank for Investment and Development of Viet Nam (BIDV) said at a workshop yesterday.In May this year, the Prime Minister issued Decree 42 on derivatives and the derivatives market. It includes definition of futures, purchase/sell options and forward contracts, and regulates the operation of the derivatives market, including the role of…... [read more]

A derivative is a financial instrument that derives its value/price from underlying assets such as stocks, bonds, currencies and interest rates, as well as commodities and market indices. The most common types of this product are futures, options, forwards and swaps.The ministry requested SSC to complete the draft circular to provide guidelines for the implementation of Decree 42/2015/ND-CP, which sets the rules for the organisation and operation of the derivatives market, as well as builds regulations and a cohesive operation process for this business.The Ha Noi Stock Exchange said the market would open with two initial products, expected to be…... [read more]

Viet Nam should set tight rules to diminish the negative impact of derivative products, while constructing flexible regulations on the initial margin ratio, which could be adjusted in accordance with the market prices" Choii said. — Illustrative image/Photo HA NOI (VNS)— The finance ministry has asked the State Securities Commission (SSC), Ha Noi Stock Exchange and Viet Nam Securities Depository to prepare for the derivatives market launch by the end of 2016. A derivative is a financial instrument that derives its value/price from underlying assets such as stocks, bonds, currencies and interest rates,as well as commodities and market indices.…... [read more]

Deputy Prime Minister Vuong Dinh Hue (Source: VNA) Hanoi (VNA) – A ceremony was held by the Ministry of Finance and the StateSecurities Commission in Hanoi on August 10 to launch the derivatives market,which is expected to limit risks and diversify investment products, therebyincreasing the securities market’s attractiveness.  Addressingthe event, Deputy Prime Minister Vuong Dinh Hue asked the operators of thederivatives market to run the market in a smooth, stable, transparent and safemanner. Heasked the Finance Ministry to continue working closely with other ministries,agencies concerned and localities to refine relevant mechanisms in line with internationalpractices. The derivatives market will help increase…... [read more]

The securities derivatives market will be officially launched on May 19, 2017 and opened to investors on June 2. Till now, many retail investors have not actually understood about this market. Many questions have been raised by investors, for instance, about conditions for derivatives transactions, opportunities and risks. Game for small investors too With this approach, derivatives are tradable by investors with a small amount of cash. Specifically, investors only need to deposit 10 per cent of futures contracts with a minimum value of VND70 million. Or, they only need VND7 million to perform transactions.Thus, this is considered the starting…... [read more]