| Vietnamese bourse to use automatic order matching late this month |
HANOI, July 18 (Xinhua) -- Vietnam's State Securities Commission will implement the automatic order matching method in the Ho Chi Minh City Securities Trading Center starting July 30, local newspaper Vietnam News reported Wednesday.
The new form will be used for the second trading session, from 9 a.m. to 10 a.m. The timed-order matching method will remain for the first and third sessions, respectively, from 8.30 a.m. to 9 a.m. and from 10.30 a.m. to 11 a.m. to set the opening and closing prices.
The change will make it more efficient to handle a higher volume of orders, according to Le Hai Tra, deputy director of the center.
Two new order types, at the opening (ATO) and at the close (ATC)will be applied for the first and the third sessions. The limit order will still be in operation for the second session.
Negotiated transactions for shares and fund certificates will take place between 10.30 a.m. to 11 a.m. Bond deals will be done from 8.30 a.m. to 11 a.m.
A trading lot for order matching will still comprise 10 shares or fund certificates. But, beginning next year, a lot for order matching will increase to 100 shares or certificates.
Vietnam currently has 107 kinds of listed shares, 367 kinds of listed bonds, mostly government bonds, and 2 listed investment funds totaling over 71,953 billion Vietnamese dong (nearly 4.5 billion U.S. dollars).
By the end of June, 48 securities companies in Vietnam had signed up over 240,000 stock trading accounts, including more than5,000 opened by foreign individual or institutional stock investors.
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