Vietnam’s first derivatives market and clearing house has gone live on the GMEX Technologies platform. The project is a collaboration between Hanoi Stock Exchange and Vietnam Securities Depository, and has been carried out together with local system integrator FPT Information System.

The team behind Vietnam's first derivatives market and clearing house

The team behind Vietnam’s first derivatives market and clearing house

GMEX Technologies, a tech subsidiary of GMEX Group, has supplied its multi-asset, multi-language exchange trading system, market surveillance solution and real-time clearing and settlement system.

The first traded instrument will be the VN30-index, which tracks the performance of the 30 largest companies by market capitalisation and liquidity basis on the Ho Chi Minh City Stock Exchange.

It will be followed by government bond futures.

Seven securities companies – HCM City Securities, Saigon Securities, VietCapital Securities, BIDV Securities, Vndirect, MBS (Military Bank Securities) and VPBank Securities – have so far been approved as authorised traders on the market.

It is understood that a number of Japanese and South Korean trading and brokerage firms have shown an interest in the market’s products.

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