On April 30, securities companies will conduct the transition test. The trading date on the new KRX system is May 2. The trading data will be based on the end-of-day data from April 26.
In the first-quarter report, KB Vietnam Securities (KBSV) estimated that the new system would boost the average daily trading value of the VN-Index by 30-70 per cent compared to the recent five-year average liquidity.
The Vietnam Stock Exchange (VNX) is warning that any securities company whose IT system fails connect to the KRX system will not be eligible to become a member of the VNX.
Experts believe that once the KRX trading system begins official operations, many international organisations will re-evaluate the Vietnamese market to upgrade it to an emerging market.
The stock trading system from the Republic of Korea, known as KRX, will be officially put into operation at the end of this year after six months of trial run.
A trial run of a stock trading system from the Republic of Korea, known as KRX, will be conducted from Monday (June 14) next week, Ho Chi Minh Stock Exchange (HoSE) announced Thursday.
South Korea''s stock market operator reported yesterday that it had
secured a contract with its Vietnamese counterpart to set up the IT
infrastructure for the Southeast Asian nation''s equity trading.
The Korean Exchange (KRX), the operator of Korea''s Securities and
Derivatives Markets, said it has set up a working group of financial and
legal experts to attract Vietnamese enterprises to the KRX.