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Banking & Finance

Future and Bond Indexes to be used for derivatives market

Released at: 16:39, 17/03/2016

Future and Bond Indexes to be used for derivatives market

Blueprint and system for derivatives market includes Future and Bond Indexes.

by Hung Nguyen

On March 16 the Hanoi Stock Exchange (HNX) and the Vietnam Securities Depository (VSD) announced the blueprint and system for Vietnam’s derivatives market, with Future and Bond Indexes being introduced as the first new derivatives indexes.

According to Ms. Nguyen Thi Hoang Lan, Deputy Chairman and General Director of HNX, the Future Index will be built up to cover stocks on both the HNX and HSX markets. The Index will include the VN30 and HNX30 baskets as stipulated in the original plan for developing the derivatives market.

The HNX and VSD will introduce the transaction connection and clearing of derivative products in April so that they can be put into trial operation in September and October, with checks to be completed in November and the derivatives market to open in December.

The HNX and VSD selected the FPT Information System Corporation to be the provider of systematic solutions for the Central Counterparty Clearing House (CCP) of the Global Markets Exchange Group Limited (GMEX).

VSD General Director Duong Van Than said the systematic platform can fully serve the first two derivative products and other derivative products in the future.

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