On May 21, the Ho Chi Minh City Stock Exchange (HOSE) sent a notice to securities companies about the plan to convert the KRX trading system to prepare for official implementation. As expected, the KRX system will be officially deployed.
According to the announcement from HOSE, the plan to convert the new trading system is ready for official implementation starting from April 24. Specifically, on April 24-25, securities companies will test the connection to HOSE. On April 26, the end-of-day data will be converted to the new trading system of the exchange. Securities companies will proactively prepare data to conduct the conversion test (Cutover test).
The new KRX stock trading system is expected to be put into operation on May 2.
From April 27 to 29, HOSE will convert the trading system. Securities companies will proactively plan and carry out preparations for synchronous implementation. On April 30, securities companies will conduct a conversion test (Cutover Test). The trading day on the system is May 2. Transaction data is the data at the end of April 26. Securities companies will test smooth transactions on their system with the new system of the exchange as on a normal trading day (without using automatic order entry software and testing unusual, unrealistic situations).
At the end of April 30, based on the Cutover test results, HOSE will announce the official implementation of the new trading system. In case of no official implementation, securities companies will proactively prepare the system to continue trading on the current trading system.
The announcement stated: On May 2, HOSE plans to officially deploy the new trading system. HOSE requests securities companies to seriously implement the conversion of their systems and immediately report to the exchange if any problems arise.
Previously, the Hanoi Stock Exchange (HNX) also took steps to promote the deployment of the system, aiming to put it into official operation from May 2. Following the direction of the Ministry of Finance at the meeting on April 19, HNX requested relevant individuals and units to uphold their sense of responsibility and focus on speeding up the implementation of the work under the KRX package.
KRX is an information technology system for managing and operating transactions on the Vietnamese stock market, signed by HOSE with the Korea Stock Exchange (KRX) in 2012. It is expected that when the new stock trading system is put into operation, it will bring new products, trading and payment solutions to the Vietnamese stock market such as: intraday trading (T+0), short selling, shortening payment time, option contracts...
Source link
Comment (0)