KRX Derivatives Market
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KRX Derivatives Market
When the new trading system (KRX) goes live, existing futures contract codes in the derivatives market will retain their current names until expiration. After expiration, newly issued futures contract codes will be named in accordance with the new regulations.
To place a new derivatives position order, customers need to deposit cash into their derivatives account at SSI. Customers may choose to deposit or not deposit funds to VSDC during the trading day. At the end of the trading day, based on the margin obligation notice from VSDC, SSI will automatically transfer any remaining required margin to VSDC on behalf of the client.
- As in the equity market, ATO/ATC orders in derivatives do not take priority over limit orders during matching. The information displayed on the price board will show the corresponding volumes at the three best remaining bid/ask price levels after the tentative matching for each derivatives stock symbol.
- When an MTL order is placed, it will be matched entirely with available counter orders. Any remaining volume will be converted into a Limit Order (LO) with the following order price:
- For buy orders: the last matched price plus one price unit
- For sell orders: the last matched price minus one price unit
At the end of D0, VSDC notifies the margin requirements for your derivatives account and checks the margin obligation for D0 on D+1. Closing positions on D+1 does not change the additional margin amount required by VSDC. By 09:30 AM on D+1, if the margin obligation is not fully met, the account will be frozen in accordance with regulations
If your account is frozen at 11:00 AM D+1 for insufficient D0 margin, customers need to top up your margin by 2:00 PM D+1 to restore normal trading. If you only close positions, normal status returns at end of D+1
When a derivatives account is frozen, customers are only allowed to place counter orders to close existing positions and are not permitted to open new positions. The counter order used to close a position must have a quantity less than or equal to the current open position.
Customers must deposit funds into their account at SSI in order to execute transactions. At the end of the day, VSDC will notify the margin requirement, and SSI will automatically transfer the required margin to VSDC on behalf of the customer.
SSI only supports customers in transferring the required margin to VSDC. Customers are responsible for paying a deposit/withdrawal fee of VND 5,500 per transaction to the clearing bank VietinBank.
You may withdraw cash from your SSI derivatives account on the same day if you open and close your position within that day. However, if your account incurs any losses or fees, SSI will retain the amount necessary to fulfill your obligations.
VSDC reviews and finalizes margin requirements at the end of each day (around 4:30 PM). If you close your position within the same day, the reduced margin requirement will only be updated by VSDC at the end of the day. However, since 4:30 PM is past the cut-off time for fund withdrawals at VSDC, you may only transfer funds from VSDC back to your SSI derivatives account on the next working day.