Officials press buttons to mark the launch of the five-year Government bond futures contract on July 4 (Photo: VNA)Hanoi (VNA) – The Hanoi Stock Exchange (HNX) began onJuly 4 the trading of five-year Government bond futures contract, a new productin the derivatives market.
At the launching ceremony, HNX Deputy DirectorGeneral Nguyen Nhu Quynh said after nearly two years since its debut, thederivatives market has recorded impressive developments and been welcomed byinvestors.
The Government bond futures contract waslaunched basing on experience gained from the trading of the VN30-Index futurescontract, the first derivatives product that has been traded since August 10,2017, he noted, adding that this is part of the road map for developing thederivatives market.
Deputy Minister of Finance Huynh Quang Hai saidthe five-year Government bond futures contract helps diversify products in thederivatives market to attract domestic and foreign investors. It will alsoprovide investors, securities companies, commercial banks and financialorganisations with an important and effective tool for preventing risks inGovernment bond transactions.
He asked the State Securities Commission tocontinue working to debut new products according to the road map for developingthe derivatives market.
In the initial stage, participants in thetrading of Government bond futures contract are limited to organisationalinvestors, according to the HNX.-VNA
VNA
