Hanoi (VNA) - Saigon SecuritiesInc. (SSI) was the biggest brokerage on the Hanoi Stock Exchange’s derivativesmarket last year with a 28.28 percent market share, according to an exchangereport on the derivatives market.
The HCM City Securities Corporation (HSC)ranked second with a market share of 22.57 percent, and VNDirect Securitiesranked third with 20.98 percent.
The derivatives market started officialoperation on August 10 with the participation of seven securities firms. Itsfirst product is the VN30-Index futures contract.
The launch of the derivatives market wasdesigned to provide more instruments to hedge risks and attract more investors.
Within five months it has added more than16,300 derivative accounts while the value of transactions topped 1.6 trillion VNDper trading session last December. - VNA