2022-05-27 05:29:02
LEARN ABOUT STOCK EXCHANGES IN VIETNAM - part 1
Here it is, today #LiveTrade will introduce some basics about HSX - one of three stock exchanges in Vietnam so that Traders can understand more:
HSX exchange, also known as HOSE, stands for Ho Chi Minh Stock Exchange. HOSE was established in July 2000 and is responsible for managing the system of stocks, bonds, and investment fund certificates that have been registered and listed on the Ho Chi Minh Stock Exchange.
The trading floor's fluctuation range is 7%.
HOSE has 3 matching methods including:
***Automatic Order Matching (AOM) Trading: ***AOM Trading performs the order matching process according to price-then-time, priority, without human intervention. After traders of brokerage houses key in buy or sell orders into the securities trading center’s terminals, the system queues the orders and arranges them according to a price-then-time priority. Orders are first grouped according to price, with the best price taking precedence. There are two matching methods:
Periodic Order Matching: Buy and sell orders are inputted in the trading system and queued for matching at a specified time at a single price that generates the greatest trading volumes for that particular stock. This matching method is used to determine the opening price and closing price of a particular stock.
Continuous Order Matching: The trading system continuously matches the first buy and sell orders in the queue, and at the same time, confirms each executed transaction via the member’s terminal.
The operating time of the floor starts at 9am and ends at 3pm from Monday to Friday every week.
Currently, this is the largest exchange in Vietnam because it possesses the preeminent features of exchanges in the world.
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