Derivatives market not alluring to institutional investors yet
Although derivatives market has proved its role as an effective investment channel, it is still not much attractive to institutional investors.
Derivatives market has not been much attractive to institutional investors. (Photo: VNA)Hanoi (VNA) – Although derivatives market has proved its role as an effective investment channel, it is still not much attractive to institutional investors.
According to the Hanoi Stock Exchange, 98.7 percent of the trading volume came from domestic individuals in August while the participation of institutional players just accounted for a small percentage of 0.76.
Foreign transactions in August rose 12.4 percent from July; however, they only made up 0.13 percent of the total trading volume.
More than 1.8 million futures contracts were traded in the month, a month-on-month drop of 35.67 percent. The average trading volume of the market was 79,539 contracts per section, down 38.47 percent from the previous month.
However, trading account number rose 9.64 percent to 43,453 accounts.
Total Open Interests (OI) declined 9.12 percent to 15,320 contracts.
With the participation of Rong Viet Securities Corporation, the derivatives market had ten members as of August 31.
The Hanoi Stock Exchange said that after one year of operation, the derivatives market has enjoyed stable growth, and become an effective risk-management tool, helping stabilise investors’ sentiment and anticipate market trends. -VNA
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