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VnDirect leads the market share in derivatives for 6 consecutive months

Monday - 09/07/2018 20:27
Bearing the chase from HSC, market share of brokerage derivatives of Vndirect in second quarter still increased.
Hanoi Stock Exchange (HNX) has announced the market share of futures brokers in the second quarter with the division into 3 groups.

Up 2% compared with the first half of the year, VnDirect Securities continued to hold the leading position with 27.35% market share. Ho Chi Minh City Securities followed closely with 25.94%.

Followed by MB and Saigon Securities with 17.22% and 16.52%, respectively. Three companies including Vietnam Bank for Investment and Development Securities, Viet Capital Securities, Vietnam Prosperity Securities respectively shared the remaining positions with a combined market share of less than 13%.

In the first half of 2018, VnDirect ranked first with 26.82%. Ranking of market shares only recorded a swap position between MB Securities and Saigon Securities.

As the underlying market falls and fluctuates sharply, derivative trading is becoming an attractive investment channel by leveraging two-way trading opportunities to create more opportunities.

This is evidenced by the number of transactions in the second quarter of the market was 4.18 million contracts, up 210% compared with the first quarter. Total transaction volume in the first 6 months reached over 6.65 million contracts, approximately 30,000 contracts per day. On June 28th, the stock market recorded a record session with 140,490 contracts.

Mr. Nguyen Tuan Cuong - Director of structured products of VnDirect Securities Company, said that in addition to the impact of the market, one of the reasons for the surge in derivatives was the increasing number of Investors understand the trading methods and features of derivatives such as hedging, day trading, two-way trades ...

The derivative market started trading in August 2017 with the only product so far is the futures contract of the VN30 Index. Compared to the stock market, commodities in the derivatives market do not depend on the issuer, but reflect the expectations of investors with the movement of the market in the future.

HNX recently approved two other companies, KIS Vietnam Securities and Vietcombank Securities which become derivative brokers, to increase their total number of affiliates to nine.

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