Vietnam Makes Preparations to Launch First-Ever Derivatives Market in 2017
The Vietnam Securities Depository (VSD) has announced documents describing protocol and message flows for clearing and settlement system between the VSD and clearing members;
The Vietnam Securities Depository (VSD) has announced documents describing protocol and message flows for clearing and settlement system between the VSD and clearing members; a move considered a preparation step for the launch of derivatives market in 2017.
The system is in compliance with ISO 15022 and is expected to help members save investment costs, the Dau Tu Chung Khoan online newspaper reported.
As planned, members will start testing the system as early as the beginning of September 2016.
The Hanoi Stock Exchange earlier said future contracts of share indexes (HNX30 and VN30) and Government bonds with five-year terms will be the first two products to be traded in the market.
FPT information system (FIS) was the system’s main developer, while the international clearing solution provider GMEX Group provided technology and local operational expertise for the system.
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