30.6 C
Ho Chi Minh City
Saturday, June 15, 2024

HOSE set to launch KRX trading system early next month

The Saigon Times

Must read

HCMC – The Hochiminh Stock Exchange (HOSE) is set to introduce its new trading system KRX on May 2.

Securities firms will have to conduct connectivity tests by April 25 and prepare for the transition. Data from April 26 will be migrated to the new system, allowing these companies to perform a cutover test on April 30.

Between April 27 and 29, HOSE will execute the system transition, urging securities firms to synchronize their plans for a seamless deployment.

Securities companies will conduct cutover tests on April 30, simulating normal trading conditions without automated order entry software and testing unusual scenarios.

Based on the test results, HOSE will decide on the official deployment of the new trading system. If not deployed, securities firms will continue trading on the current system.

The KRX system, developed through a collaboration between HOSE and the Korea Stock Exchange in 2012, is a technological platform aimed at enhancing management and oversight of Vietnam’s securities trading.

“This system will utilize modern technology to improve stock trading management in Vietnam, enabling same-day trading settlement (T+0), facilitating short selling, and streamlining payment processes,” said Nguyen Thi Viet Ha, a member of the HOSE board of directors.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest articles