VNX requires securities companies to continue to proactively review and upgrade IT and human resources systems. This systems needs to be able to connect to the KRX system and perform all the functions that are compatible with the KRX when it is put into operation. — VNA/VNS Photo The Vietnam Stock Exchange (VNX) is warning that any securities company whose IT system fails to connect to the KRX system will not be eligible to become a member of the VNX. These companies will have their membership cancelled and they will be fully responsible for customers who open trading accounts at the companies. The VNX has just sent an official dispatch to member securities companies about participating in testing and upgrading their IT system to connect with the KRX system. The KRX system is an information technology system for managing and operating transactions on the Vietnamese stock market, signed by HoSE with the South Korea Stock Exchange (KRX) in 2012. The project aims to upgrade the … [Read more...] about Vietnam Stock Exchange: all securities companies must connect to the KRX system
Krx system
Việt Nam’s stock market a bright spot in the Asian region: FTSE Russell
Outside the Hà Nội Stock Exchange's building in Hà Nội. — VNS Photo Ly Ly Cao Global investors' attention is shifting to Vietnamese stocks, which have a higher long-term rate of return (ROR) than stocks in other emerging markets in the region and the world. In a recent report, Miko Huang, Manager of Equity Index Product Management at FTSE Russell, said that Vietnamese stocks are seen as a bright spot in the Asian region, thanks to the country's strong recovery post-COVID-19. According to Huang, Việt Nam's GDP grew by 8 per cent in 2022, and the FTSE Vietnam 30 index recorded a gain of 12 per cent compared to the beginning of the year. Moreover, the cooperation between the Vietnamese stock exchange and FTSE Russell, as well as the Singapore exchange, will support Việt Nam in creating a comprehensive ecosystem, helping foreign investors access Vietnamese stocks and control related risks. For growth drivers, Việt Nam has advantages in production costs and a young and skilled … [Read more...] about Việt Nam’s stock market a bright spot in the Asian region: FTSE Russell
Korean Exchange system overhaul around the corner
Korean Exchange system overhaul around the corner, illustration photo/ Source: freepik.com Fresh updates from VNDirect Securities suggests a sunny horizon for Vietnam’s stock market, as the new Korea Exchange system (KRX) is poised to significantly uplift the market’s capabilities. According to the brokerage, with the potential for liquidity surges up to $4 billion per session and expedited settlement periods from the current T+2.5 (in transactions executed within 2.5 days), it could be the catalyst for a higher capital turnover. During testing in late August, the Ho Chi Minh Stock Exchange (HSX) announced an overview of the infrastructure upgrade roadmap, which revealed a positive outcome. In particular, 25 of the 76 securities firms in Vietnam have seamlessly passed all test scenarios for the new system’s alignment and efficiency. Meanwhile, 36 firms have achieved more than 80 per cent completion, with the remaining 15 falling short of this benchmark. “Leveraging the … [Read more...] about Korean Exchange system overhaul around the corner
SSC to prohibit the use of automated order placement
Investors making transactions at an office of a securities firm in Hà Nội. — VNA/VNS Photo The State Securities Commission of Việt Nam (SSC) has requested securities companies review and immediately cease the use of automated order placement, according to its latest announcement. These firms are also asked to implement technical measures to prevent automated order placement and instruct investors to stop using these practices without prior authorisation from regulatory authorities. Via the management and supervision of providing online stock trading services, SSC has identified a phenomenon of using robot technology to place large-frequency automated online stock trading orders. This activity carries risks and affects the stability of the stock market. In particular, the automated placement causes a sudden increase in orders from securities companies to the stock exchange at the same time, surpassing the design capacity of the entire system and causing system overload. … [Read more...] about SSC to prohibit the use of automated order placement