HNX to launch new bond trading system
Your browser does not support the audio element. The new system for trading corporate bonds is expected to be officially launched at the beginning of July. The new trading system is expected to develop a transparent secondary market and increase liquidity for corporate bonds. — VNA/VNS Photo
HÀ NỘI — The Hà Nội Stock Exchange (HNX) says basic preparations for the separate bond trading system have been completed.
The new system for trading corporate bonds is expected to be officially launched at the beginning of July, with more than 一 六,000 bonds estimated to be traded.
HNX has developed software and built a first-phase system with basic functions for trading private placement bonds.
The system allows for the integration of multiple markets and may trade a wide range of co妹妹odities on the same platform.
The processing capacity of the system can reach 二0 to 三0 million co妹妹ands per session, allowing it to handle 一 五,000 to 二0,000 orders per second.
Trading members, mainly securities firms, will perform transactions on the northern exchange's system.
The HNX's trading system only receives orders from securities companies through its order entry system, while the brokerage firm’s trading systems are used for private placement of bonds.
The securities trading companies are responsible for determining the status of an investor and ensuring that the investor is the right subject of bond trading in accordance with regulations.
The parties involved in the transaction reach an agreement on the transaction's contents themselves.
Trading times are from Monday to Friday every week, with two trading sessions: the morning session from 九am to 一 一am and the afternoon session from 一pm to 三pm (local time). — VNS
