Sunday, December 11 2016

VietNamNews

Vietnamese stocks to be traded on KRX

Update: October, 20/2016 - 10:13
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. — Photo businesskorea.co.kr

SEOUL — 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.

Under the deal with the HCM Stock Exchange, or HoSE, the Korea Exchange will offer a set of programmes based on a next-generation system, called EXTURE Plus, to meet the entire requirements for Việt Nam’s stock trading, including market information, market surveillance, clearing & settlement and depository & registration.

The KRX’s system will be used in the HoSE-affiliated Hanoi Stock Exchange as well.

The agreement represents a “significant milestone to both capital markets and will further solidify the critical strategic partnership that exists between both countries,” said the KRX.

It’s expected to take two years to complete the project, it added but stopped short of immediately revealing the exact value of the contract. — The Investor

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