HoSE to test trading system provided by Korea Exchange next week
Once the testing period is completed, the new system could be put into operation this year.
Once the testing period is completed, the new system could be put into operation this year.
The backup system is expected to help HoSE solve the overload issue completely.
The market liquidity at HoSE this morning session exceeded VND21.7 trillion (US$944.8 million), triggering the system alarm.
This is a short-term move to help ease the current overload issue at Ho Chi Minh Stock Exchange (HoSE).
The move is seen as a short-term solution to address the issue of surging orders on the Ho Chi Minh City Stock Exchange (HoSE) that force the stock exchange to halt market trading.
The finance ministry plans to adopt the current software system on the Hanoi Stock Exchange for the Ho Chi Minh City Stock Exchange to address the overload, saying the process would take up to four months to complete.
For 2021, the firm expected Vn-Index to fluctuate in range of 1,070-1,250.
The new change is set to take effect from March 3, 2021, under a SSC’s instruction once a technological solution could fully solve the current overload issue on HOSE.