Live implementation of KRX system commences
New and Improved Stock Trading with KRX! 💻💰
🌏 Saigon - KRX trading system takes off!
After a decade of preparation, the Hò Chí Minh Stock Exchange (HOSE) rolled out the long-awaited KRX trading system on May 5, 2025. This tech-savvy platform promises to shake up market practices and bolster transparency and efficiency.
📈 Market sizzles on launch 🔥
Monday's trading session sparked some excitement - the VN-Index soared, suggesting investor enthusiasm. However, the early hours saw some glitches. The opening auction (ATO) stumbled, but traders soon ironed out these kinks, ensuring the market sailed smoothly during the rest of the session.
🎉 KRX: The modern touch for Vietnam's stock market 🇻🇳❤️
The KRX system, supported by the Korea Exchange (KRX), is an information technology powerhouse designed to modernize, standardize, and streamline Vietnam's stock market operations. The project, which cost approximately 900 billion VND (US$34.7 million), offers plenty of new features, including upgraded trading orders, better retail investor tools, and a solid foundation for future reforms.
🔄 Past delays, present perfection 🕰️
Originally slated for completion in 2021, the project faced numerous delays and only recently concluded exhaustive testing in 2024.
🔔 New rules for ATO, ATC, and LO 📝
One of the most significant changes the KRX system brings is a modification to ATO (At-the-Opening) and ATC (At-the-Closing) orders handling. Now, these orders lose priority over limit orders (LO) during periodic matching phases. Instead, ATO and ATC orders showcase prices, aligning with LO orders, rather than being marked as 'ATO' or 'ATC'.
🛑 Modified order editing 🖱️
The KRX system changes the rules for modifying or cancelling orders. Investors can no longer alter both price and quantity in a single transaction. Adjusting the price or increasing the order size resets its time priority, while decreasing the volume does not.
🌟 MP becomes MTL 🌟
Traditional market price (MP) orders are replaced with market-to-limit (MTL) orders. Unmatched MTL order portions convert to limit orders (LO) at ±1 tick, improving price control during execution.
🤝 ** Streamlined negotiated trades 🤝**
Negotiated trades receive a boost, as both the buyer and seller can now input orders directly, rather than only sellers entering orders in the previous system. Once a negotiated trade is complete, it cannot be cancelled or amended.
An investor placing an order from a mobile app. VNA/VNS Photo
- The advancement in finance and business comes with the integration of artificial intelligence (AI) into the KRX trading system, ushering in a new era for stock trading.
- KRX, partnered with the Korea Exchange (KRX), aims to revolutionize brokerage in Vietnam by bringing technology updates to the table, enhancing trading efficiency and transparency.
- Following the commencement of Saigon - KRX trading system operations, sluggish periods are expected to become a thing of the past, as technology-driven solutions promise smooth market transitions.
- The Nam and SSI, retail investors in Vietnam, now have a more sophisticated platform to manage their investments, thanks to KRX's addition of improved retail investor tools.
- With KRX's arrival, there is a shift in the finance sector, as new rules are implemented for trading orders, ensuring fairness and maintaining market stability.
- Moving away from the traditional technique, market price (MP) orders will be replaced with market-to-limit (MTL) orders, providing investors with better price control during order execution.
