Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade LTCUSD, Bitcoin and Cryptocurrencies

BUY & SELL LTCUSD | View LTCUSD News & Updates


Buy Sell LTCUSD, Bitcoin and Cryptocurrencies

Online trading to begin in HCM City   2009-01-11 - VNA

Online trading is scheduled to begin at the Ho Chi Minh City Stock Exchange next Monday, according to HOSE officials.

The Ho Chi Minh City Stock Exchange



HOSE spokesman Le Hai Tra said the trading systems of securities companies could now connect directly with the HOSE gateway to send investors’ orders.

Each securities company will have a 128-Kbps line capable of sending up to 85 handled per second, compared to 85 handled in recent tests.

There is another line that can be used in case of an accident.

“Online trading enables the automation of order receiving, processing and confirming, thus improving liquidity, transparency and fairness while minimising time, risks and costs,” said Tra, who is also HOSE’s permanent executive member.

Curently, securities companies receive orders from their customers, check whether the orders conform to regulations, and then send the orders to their representatives at HOSE.

The representative will send the orders to the exchange’s trading system for matching. An order can take around eight to 10 seconds to be processed.

Of more than 90 securities companies currently with representatives at HOSE, 69 could begin online trading on Jan. 12, but the remainders will continue with the present method.

Of 69, 37 will provide clients with online trading software that will provide information on whether the orders conform to regulations.

As for the other 32, customers will send orders to securities companies, where the orders will be checked and then relayed by the companies to HOSE.

Tra said in the first two weeks of online trading, all the 69 companies would maintain their representatives at HOSE to ensure smooth operations.



Other news

ROK company wins 27 mln USD deal on fertiliser   2009-01-11

Government okays Van Phong oil refinery   2009-01-11

Workshop talks future of Vietnam’s stock market   2009-01-11

Hanoi’s IPs expect to lure 300 million USD in FDI   2009-01-11

EVN brings nine power plants online   2009-01-11

Online trading to begin in HCM City   2009-01-11

Vietnam’s currency move unlikely to boost exports, says Dragon   2009-01-11

Survey exposes weak tech-levels in HCMC’s industrial zones   2009-01-11

Wood exporters come home   2009-01-11

Northern bourse approved to become stock exchange   2009-01-10

VN-Index falls as activity slows   2009-01-10

BUSINESS IN BRIEF 10/1   2009-01-10

Vietnam expects lower FDI attraction this year   2009-01-10

Stock market predicted to recover slightly in 2009   2009-01-10