Making news

SSI top brokerage in Hanoi derivatives market

Saigon Securities Inc. (SSI) was the biggest brokerage on the Hanoi Stock Exchange’s derivatives market last year with a 28.28 percent market share, according to an exchange report on the derivatives market.

The HCM City Securities Corporation (HSC) ranked second with a market share of 22.57 percent, and VNDirect Securities ranked third with 20.98 percent.

The derivatives market started official operation on August 10 with the participation of seven securities firms. Its first product is the VN30-Index futures contract.

The launch of the derivatives market was designed to provide more instruments to hedge risks and attract more investors.

Within five months it has added more than 16,300 derivative accounts while the value of transactions topped 1.6 trillion VND per trading session last December.