The Ho Chi Minh City Stock Exchange (HOSE) has set the official date for the new information technology system to be put into operation from May 5. At that time, there will be some changes in the stock trading process of securities investors.
From May 5, investors can buy and sell odd shares throughout the trading session.
PHOTO: NGOC THANG
Specifically, investors will be able to trade odd lots using the periodic order matching method, continuous order matching method and negotiated transaction method. This means that investors can trade odd lots throughout the trading session from the time the market opens to the time it closes, instead of the current buying and selling of odd shares only being done using the continuous order matching method and negotiated transaction method. However, odd lot transactions can only be placed by limit order (LO).
In addition, restricted stocks are also extended to trading all day instead of being limited to trading only in the afternoon on HOSE as at present. However, restricted stocks can only be bought and sold during the periodic order matching session to determine the opening price, then the periodic order matching session each lasting 15 minutes and the periodic order matching session to determine the closing price, not continuously like normal stocks. Orders placed during the periodic order matching session for this type of stock can only be at the limit price (LO order).
In addition, when applying the new technology system, investors are not allowed to edit or cancel transactions that have been executed on the trading system (currently, it is allowed to edit incorrectly entered transactions during trading hours by canceling the incorrect transaction and entering the correct transaction).
One of the points to note is when editing a trading order in a continuous order matching session. Investors can only edit the price or volume of an unexecuted trading order (currently, investors can edit both price and volume at the same time). Editing a decrease in volume will not change the order's priority, but editing an increase in volume or price will change the order's priority.
According to securities companies, the new information technology system is expected to increase order processing speed, ensure smooth transactions with large volumes, provide real-time market control tools, increase transparency and safety. This is also the foundation for implementing new financial products such as intraday trading or short selling in the future...
Source: https://thanhnien.vn/nha-dau-tu-se-duoc-mua-ban-co-phieu-le-suot-phien-giao-dich-tu-ngay-55-185250425085209643.htm
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