Vietnamese brokerage DNSE extends derivatives market share gains to 25.5%

DNSE continued to expand its foothold in Vietnam’s derivatives brokerage market in Q1, securing a 25.5% market share, according to data from the Hanoi Stock Exchange.

The performance cements DNSE’s position as the second-largest broker in the derivatives segment, narrowing the gap with the market leader - VPS - to about 8 percentage points. It also marks the ninth consecutive quarter of market share growth since the company entered the derivatives market nearly three years ago.

* DNSE's derivatives brokerage market

DNSE first broke into the top two in Q4/2024 with a 9.98% share. Its current share represents a 2.5-fold increase over five quarters.

The management attributed the gains to its technology-driven strategy, which has delivered strong results in derivatives brokerage and is expected to support expansion in the underlying equity market.

In the cash equities segment, DNSE ranked among the top 10 brokers on the unlisted public companies market (UPCoM) in Q1, with a 2.49% share.

CEO Nguyen Ngoc Linh said at the company’s recent AGM that the planned introduction of same-day (T+0) trading in Vietnam could shift investor behavior in the cash market closer to that seen in derivatives - faster, more flexible and focused on short-term price movements.

DNSE has been investing heavily in technology infrastructure and user experience while expanding its derivatives client base in preparation for that transition, she said.

The broker's management expects that once T+0 trading is implemented and market conditions become more favorable, many existing derivatives clients will migrate to cash equities, while the firm will also attract larger investors.

For 2026, DNSE targets revenue of nearly VND1.74 trillion ($65.95 million), up 18.2% year-on-year, and pre-tax profit of VND550 billion ($20.9 million), a 61.8% increase. The company currently has about 1.6 million client accounts and is consistently among the leaders in new account openings.

In derivatives, DNSE highlights its fast order execution, stable systems, and smart trading tools, including automated profit-taking and stop-loss features, which help investors respond quickly to market volatility.

The firm is also building a retail investor community through its “Luot song Phai sinh” (Derivatives surfing) trading competition, which offers regular events and prizes.

The program resumed on March 30, 2026 in an upgraded format running through December 31, with total prizes worth VND370 million ($14,060). A new ranking system separates professional and novice investors to ensure fair competition.

Monthly “Live Battle” sessions, broadcast in real time, allow participants to observe trading strategies from experienced investors, with the final round expected to take place at the DNSE Future Tech Summit event later this year.

Beyond technology-driven growth, DNSE is adopting innovative approaches to expand the derivatives investor base, aiming to build momentum for future gains in its cash equities market share.