Accompanying Ho Chi Minh Stock Exchange (HOSE)

Organisation

The Ho Chi Minh Stock Exchange (HOSE) stands as the largest stock exchange in Vietnam with more than 73 securities companies, 400+ listed companies nationwide trading daily, the highest trading value in the day reaches 43 trillion VND.

Solutions

With a significant increase in processing capacity by 3-5 times, HOSE is no longer congested

• The new trading system now has the capability to process up to five million orders per day. HOSE completely masters technology to be able to expand in the future.
• Compatible with current systems used by more than 70 securities companies in the market
• Fully equipped to proactively respond to all situations in accordance with the instructions of the Ministry of Finance of Vietnam.

Improve the operational efficiency of securities companies and enhance the investor experience by:

• Removing the daily order allocation mechanism for securities companies, improving the ability to process the number of orders sent in one second.
• Increase order placement speed and data display

Key Results

• 3-5 M transactions/day – Meet market demand for at least three to five years. Currently, there are 1.8 million transactions/day
• 15↗21 trillion VND/day – The average transaction value per day increased from the first quarter (before the installation of new system) to the third quarter of 2021
• 100 days – Completion time of the new HOSE Trading System (March 15 – June 25, 2021)