HOSE accelerates stock market modernization with FPT technology

CLIENT

Ho Chi Minh City Stock Exchange (HOSE) is the largest stock exchange in Vietnam, with more than 73 securities companies and over 400 listed companies trading daily nationwide. The exchange once recorded a peak daily trading value of approximately VND 43 trillion.

SOLUTION

Increase processing capacity by 3-5 times, eliminating system congestion at HOSE

• The new trading system is capable of processing up to 5 million orders per day. HOSE now fully owns and controls the technology, enabling future scalability.
• Compatible with the existing systems of more than 70 securities companies in the market.
• Fully equipped to proactively respond to all scenarios in accordance with guidance from Vietnam’s Ministry of Finance.

Improve operational efficiency for securities companies and investor experience:

• Removed the daily order allocation mechanism for securities companies, improving the ability to process incoming orders per second.
• Increased order placement speed and data display performance.

RESULTS

3-5 million transactions/day, meeting market demand for at least the next 3 – 5 years. Current transaction volume is approximately 1.8 million transactions/day.

VND 15 → 21 trillion/day, average daily trading value increased from Q1 (before the new system implementation) to Q3 2021.

100 days, total completion time for the new HOSE trading system (March 15 – June 25, 2021).