The Hanoi Stock Exchange (HNX) and Vietnam Securities Depository (VSD) launched the first ever Derivatives market with a fully-integrated, central counterparty clearing house in Vietnam in August 2017. They implemented the GMEX Technologies (GMEX), multi-asset, multi-language exchange trading system (ForumMatch) and market surveillance solution (ForumDetect) with a real-time clearing and settlement system.
This new derivatives market has attracted institutional investors to the Vietnamese market by providing hedging facilities for risk management, together with the ability to leverage and extend their investment period. By keeping market volatility low, HNX has helped investors manage the future movement of securities and profit on their invested assets.
Aligning with the government’s objectives to encourage foreign investment, HSX/VSD are creating a supportive capital markets environment to support the move of Vietnam from MSCI* ‘frontier market’ status to MSCI ‘emerging markets’ status.
*MSCI = Morgan Stanley Capital International
“We are quite happy with our relationship with GMEX & GMEX solutions. GMEX solutions provide us with outstanding connectivity and the exchange trading platform – ‘ForumDetect’ is a parallel functional platform with a full market supervision facility and reporting. Also ForumTrader as web-based platform is easy deploy, is effective and is efficient. We are quite happy with that solution and I think that is one of the key factors that make our market grow quite impressively.” – Nguyen Thank Long, Chairman of the Hanoi Stock Exchange