Launching derivatives market with solution delivered by FPT IS

Vietnam’s derivatives market started operating one August 10 in hopes it would improve Vietnam’s securities market and attract more foreign investment. The system was carried out by FPT Information System together with GMEX Group.

The launch of Vietnam’s first derivatives market took place in Hanoi in the presence of Mr. Vuong Dinh Hue - member of the Central Committee, Deputy Prime Minister; Mr. Dinh Tien Dung- member of the Central Committee, Minister of Finance; Mr. Tran Xuan Ha, Deputy Minister of Finance; Mr Giles Lever, British Ambassador to Vietnam; Ms Nguyen Thi Hong, Deputy Governor of the State Bank of Vietnam; Mr. Nguyen Doan Toan, Vice Chairman of Hanoi People's Committee; Mr. Tran Van Dung, Chairman of the Board of Directors of the Ho Chi Minh City Stock Exchange and other dignitaries.

Deputy PM Vuong Dinh Hue and other dignitaries pressed the button to launch the derivatives market 

Mr. Tran Van Dung, Chairman of the Board of Directors of the Ho Chi Minh City Stock Exchange said that preparations for the derivatives market were completed with six elements: the legal framework; market organization and operation; products; IT system; Intermediary financial institution, training and communication. FPT, with GMEX Technologies (GMEX Tech) managed the project to provide a multi-asset, multi-language exchange trading system suite and market surveillance solution to HNX, who operates the derivatives exchange. The project delivered a real-time clearing system to VSD, who operates the clearing house. They have been tested and are now stable and ready for market operations.

FPT IS was in charge of implementing the solutions of GMEX Group for the Hanoi Stock Exchange (HNX) and Vietnam Securities Depository (VSD).

At the same time, FPT IS also integrated these solutions with the stock trading systems of HNX and HSX, clearing, settlement, depository and registry system of the VSD and the systems of its member companies. This creates a complete technology infrastructure, enabling the derivatives market to operate smoothly.