According to the plan, from May 4-8,
HoSE
will convert the system. Securities companies are preparing the system for conversion according to the schedule, conducting system testing on May 7.
From May 11-15, securities companies will test the trading order entry to ensure the operation of the stock trading as a normal trading day.
HoSE has just announced the plan to securities companies regarding the first conversion drill of the KRX system.
HoSE noted that the first day on the system is March 4. Data for the first trading day is end of day data on March 1. The Exchange also recommends that securities companies proactively
construct
their conversion plan
(if necessary) and seriously implement the drill.
At the opening ceremony of the stock trading at the beginning of the year of 2023, Ms. Nguyen Thi Viet Ha, Chairwoman of HoSE, said that
KRX project
has achieved significant progress, completed the final User Acceptance Testing (FAT) phase, and is moving towards the deployment of the system in the near future.
Leaders of the State Securities Commission and Ho Chi Minh City Stock Exchange (HoSE) affirmed their determination to concentrate all resources to implement important tasks in 2023, with a focus on putting the KRX information technology system into operation.
The KRX system
is an information technology management and operation system for stock trading in Vietnam, signed by HoSE with the Korea Exchange (KRX) in 2012.
KRX is expected to bring new products, trading and payment solutions to the Vietnamese stock market such as: Intraday trading (T+0), short selling, shortened settlement time, option contracts, etc. This will also lay the foundation for resolving bottlenecks to move towards upgrading the market from the frontier to emerging market levels, such as central counterparty clearing, improving infrastructure quality.
