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¶