Brokerage installs Korean software package

Tong Yang-HPT Hightech Company and Petro-Vietnam Securities will install trading software to support securities business.

The software, which includes back-office, home trading and web trading systems, can handle 20 orders a second and would help local securities companies automate trading processes.

The back-office system helps load 100,000 orders daily while the home trading and web trading systems can service 3,000 clients and 8,000 clients respectively.

The system allows clients to make stock analyses with technical charts and indicators to real-time trading data from stock exchanges.

The system will initially connect to the HCM City Stock Exchange’s remote trading system, as well as to Vietcombank, BIDV and DongA Bank on accounts management.

The new service is scheduled to start on October 28.

PetroVietnam Securities expected to triple market share for brokerage services by January.

The software is provided by the High Tech Company, a joint venture between South Korea-based Tong Yang Group and the local HPT Corporation. The deal was signed on Wednesday.

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