An electronic board shows stock prices at the Hochiminh Stock Exchange - PHOTO: VNA

HCMC - The Hochiminh Stock Exchange (HOSE) has put a new stock trading system built by tech firm FPT into operation from today, July 5.

According to Duong Dung Trieu, chairman of FPT Information System, the new system is capable of handling 3-5 million stock orders a day, replacing the old system that can process only some 900,000 stock orders a day.

Trieu said HOSE and the FPT Information System finished transitioning the old system to the new one on July 2. Securities firms conducted a test run on the new trading system on July 3.

“The new system’s capacity has proved to meet the requirements. I believe that the new stock trading system will help completely resolve technical errors on HOSE,” Trieu said.

HOSE and FPT are working together to upgrade the systems and resolve any issues. They have categorized the risks into three groups---infrastructures, system and manual work.

The risk potential is also divided into four levels including “no risk”, “very low risk”, “low risk” and “medium risk”.

HOSE and FPT also have back-up staff in case of emergencies, including in case some of the operators are infected with Covid-19 and have to be quarantined. They also have employees for remote support.

Duong Dung Trieu, chairman of FPT Information System - PHOTO: VAN PHONG