Ho Chi Minh City Stock Exchange (HoSE) has just released new announcements on the operation of the information technology system for the Vietnam stock market (KRX).
According to the proposed plan, the information technology system for the Vietnam Stock Market may officially operate on May 5, 2025, coinciding with the effective date of the April 2025 index, HOSE said.
To ensure the safe and smooth conversion and operation of the system, HoSE will change the effective date of the VNX-Index, VN DIAMOND index, and VNFINSELECT index for the April 2025 period from May 5, 2025 to April 28, 2025.
At the same time, change the effective date of updating the free-float ratio, circulating volume and capitalization ratio limit of the HOSE-Index, VNSI index, VNFIN LEAD index for the April 2025 period from May 5, 2025 to April 28, 2025.
Previously, HoSE issued a notice on the preparation of test data, the testing period will take place from March 17 to April 11, 2025. Regarding the testing content, the Securities Company will test securities transactions as a normal trading day. HoSE also noted that the Securities Company is not allowed to test unusual situations that are not suitable for reality.
At the same time, the Stock Exchange also updated investors with basic information on expected changes in trading regulations when applying a new information technology system to the stock market compared to the current one.
Changes in ATO/ATC orders during periodic order matching sessions; Modification and cancellation of matched transaction orders; Negotiated transactions; Transactions of foreign investors; Odd lot transactions... will have changes when applying the new technology system. The Detailed and complete content will be included in the Listing and Trading Regulations for listed securities issued by the Vietnam Stock Exchange.
The official operation of the KRX system is highly anticipated by market members as the system will shorten settlement time, provide many new utilities and help develop many new products and services. This is also the key to upgrading the Vietnamese stock market. The KRX system is the necessary infrastructure to deploy the Central Clearing Counterparty (CCP) model, thereby improving the Settlement Cycle-DvP criteria.
In April 2025, the Stock Exchanges and VSDC will announce the new functions and features of the KRX system before the KRX system is put into operation so that the market has full information about the KRX system.
Source: https://baodautu.vn/he-thong-krx-du-kien-chinh-thuc-van-hanh-vao-ngay-55-d261587.html
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