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SBS manages risks with new software
The Sacombank Securities Company (SBS) has gone live with DSTi’s front and back office solutions.
"The Back Office Solution for Trading (BeST) software enables our company to automate our back office solution for trading and efficiently manage risks," said SBS general director Nguyen Ho Nam during yesterday’s launching ceremony.
Meanwhile the Equity Trading Solution for Front Office will allow the company to connect to SBS offices nationwide.
"When online connection with the HCM Stock Exchange and Hanoi Securities Trading Center is permitted, in the near future the ETS system will play a significant role in safe and effective online data transfer," said Nam.
With the DSTi’s front office software in operation, orders are received and examined and then sent to the trading system.
The back office software is in charge of clearing and securities depository.
The separate functions help ensure better risk management.
The Thailand-based DSTi specialises in providing softtware solutions for securities business and investment and corporate management.
To date it has seven customers in Viet Nam, including Sacombank, VinaCapital and Prudential Fund Management Company.
DSTi’s CEO Tom Abraham believes his clientele will soon increase as the market has potential.
The company has been operating in Viet Nam since 2000 when it assisted HOSE to implement its order matching solution.
His company now serves over 150 clients in 13 countries and territoties in the Asia Pacific region.
SBS began operation in 2006 as a VND300 billion (US$18.5 million) and has increased its chartered capital to VND1.1 trillion. It is among the largest of its kinds in Viet Nam, offering services to 15,000 investors via eight offices in HCM City, Ha Noi and Da Nang.
VNS
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