Vietnam’s derivatives market posted strong growth in September, the second month of its operation, with 9,679 accounts trading on the market opened as of September 29 – up 34.5 percent from the end of August.

Vietnam’s derivatives market posted strong growth in September

There were always four contract codes traded on the derivatives market, which official ran on August 10, as in line with international practice.

The code of VN30F1709 reached maturity on September 21 and was replaced by VN30F1711.

As of the end of September, four contract codes traded on the market were VN30F1710, VN30F1711, VN30F1712 and VN30F1803.

Up to 131,903 contracts worth 10.3 trillion VND were carried out in September, respectively soaring by 126.7 percent and 136 percent from the previous month.

Market liquidity concentrated on short-term contracts, which also matched international practice.

Transaction activities were mainly conducted by domestic investors. Those by foreign investors also surged with 123 contracts, equivalent to 0.05 percent of the total contracts made on the market.

Investors who were organisations began transactions on the derivatives market last month, making 397 contracts or 0.15 percent of the total number.

VNA