Trading Mechanism in Hanoi Stock Exchange¶

Overview¶

Securities trading is established through the trading system of HNX, which is connected to the system of member securities company and Vietnam Securities Depository (VSD).

At 2023, the version of the trading system is Core I5 can serve 30 million orders per session capacibility

Diagram¶

Based on the information of the Guidance ¹, the trading mechanism of the Hanoi Stock Exchange following diagram below.

Order processing in Hanoi Stock Exchange diagram

flowchart LR
    subgraph vsd[VSD]
        clearing_system[clearing system]
    end
    subgraph hnx[HNX]
        direction TB
        hnxcore[CORE] --> clearing_system
        order_by_input[order inputs at trading floor] <--> hnxcore
        hnxcore <--> info[Information System]
        hnxcore <--> surv[Surveillance System]
    end
    subgraph sc[Securities Companies]
        direction TB
        score[CORE]
        score--> broker[Brokerage] --phone call--> order_by_input
        score--> remote[Remote trading software] -- order --> hnxcore
        score--> fix[FIX Gateway] -- order --> hnxcore
    end
    subgraph u[User]
        investor[investors] <-- orders --> score
    end

    clearing_system --> score

Reference¶