Derivatives volume rises again, individuals dominate trading

HÀ NỘI — All four contract codes were traded in the derivatives market on the Hà Nội Stock Exchange (HNX) in November, with total trading volume of 2.82 million contracts, up 10.6 per cent against the previous month.

According to the HNX, individual investors remained the main players in the derivatives market. Domestic and foreign institutional investors only accounted for less than 1 per cent of total trading volume of the whole market, of which trading by securities companies accounted for 0.2 per cent of the market volume.

On average, nearly 128,250 contracts were traded per session, up 15.6 per cent over October.

This is the second month with a rise in trading volume, after consecutive declines in August and September.

However, open interest (OI) (end of term) decreased 8.5 per cent to 16,855 contracts by the end of November.

Open interest indicates the total number of open or outstanding options or future contracts.

On the other hand, the number of derivatives trading accounts continued to increase, reaching about 54,770 accounts by the end of November, up 7.5 per cent against the previous month.

Việt Nam’s derivatives market was launched in August 2017 with the introduction of VN30-Index future contracts as the first product. The market is attracting more investors with the advantage of T+0 and short sale. — VNS