Stocks are expected to explode with KRX, what should investors do to avoid "missing the boat"?

On May 4, a series of securities companies announced that they had successfully converted to the securities trading system (KRX), ready for the first trading session tomorrow.

KRX is an information technology system for managing and operating transactions on the Vietnamese stock market, developed by the Korea Stock Exchange (KRX) and transferred to the Ho Chi Minh City Stock Exchange (HOSE).

The KRX system is expected to shorten settlement times, allowing investors to make intraday transactions.

According to the reporter of Nguoi Lao Dong Newspaper, many securities companies such as Rong Viet, DNSE, PHS, Mirae Asset, Maybank, HSC... have notified customers about the conversion to the new trading system.

According to Rong Viet Securities Company, investors can now log in to the iDragon online trading system (website/app) to experience the new system based on data from the trading day of May 5. Other online platforms and services (liveDragon price list, eduDragon, smartDragon, goDragon, online bank transfer...) of Rong Viet Securities are also operating normally.

DNSE Securities Company informed that it has completed the connection, successfully tested it and sent a note to investors to be cautious in trading during the official start of the KRX connection. According to DNSE, the operation of the KRX system is an important step in the process of modernizing the technology infrastructure of the stock market, with the goal of improving operational efficiency, increasing transparency and getting closer to international standards.

On forums and groups, many stock investors also expressed excitement waiting for the first trading session of the KRX system.

"After more than 10 years, the new KRX system will officially operate. The Vietnamese stock market is also expected to be upgraded from a frontier market to an emerging market in September, hopefully investors will escape losses" - said Mr. Nhat Minh, an investor in Ho Chi Minh City.

From May 5, the KRX system is operated with many expectations.

Mr. Dao Hong Duong, Director of Industry and Stock Analysis, VPBank Securities Company, analyzed that KRX has a positive impact on the market in the short term. Individual investors should pay attention to KRX in terms of the impacts and changes it will have on daily habits when applied.

Accordingly, there are 4 main changes in transactions: ATC and ATO orders are no longer prioritized, instead they are by time and volume. Order display is different. Trading of restricted stocks on Friday will be divided into 15 consecutive sessions. Regarding the issue of canceling and modifying orders, investors will not be able to modify both price and volume at the same time as before, but must modify them in turn, and change the order of priority of orders.

"These are the points that individual investors need to learn to quickly adapt to changes in the new trading system. KRX is a system that can handle orders and volumes 5-6 times higher than the current Thai system, thereby creating a very good foundation for market scale to develop," said Mr. Dao Hong Duong.

According to experts, the KRX platform is very important in developing financial products, including options contracts, short selling, automated trading systems... These products will attract more investors to participate in the market and significantly increase liquidity.

The KRX system contributes to supporting the upgrade in 2025 by being able to shorten the T+ settlement cycle to T+0 and T+1, and can create a relatively good infrastructure foundation to build a clearing and settlement mechanism system. These are two important conditions in supporting the stock market upgrade this year.

Source: https://nld.com.vn/chung-khoan-du-bao-bung-no-voi-krx-nha-dau-tu-lam-gi-de-tranh-lo-tau-196250504100031734.htm