A trading floor of the Ho Chi Minh Stock Exchange (HoSE) (Photo courtesy of HoSE) After the testing period, all securities companies reported satisfactoryresults and committed to being ready for deployment.
On that basis, with the approval of the Ministry of Finance, the StateSecurities Commission, and the Vietnam Stock Exchange, HoSE will officiallylaunch odd-lot trading on September 12.
Odd-lot trading is applicable to stocks, closed-end fund certificates, exchangetrade fund (ETF) certificates and warrants. Investors can place orders withvolumes of 1-99 stocks.
Placing an odd-lot trading order through securities companies is similar to around lot trading.
HoSE claimed that the implementation of odd-lot trading will make it easier forinvestors to be proactive with their bid and ask orders, such as easily sellingthe remaining odd-lot stocks in the account or buying additional odd-lot stocksto turn it into a round lot trading, reducing dependence on securitiescompanies.
The exchange also suggests that investors equip themselves with knowledge ofodd-lot trading regulations in order to facilitate effective odd-lot trading.
For example, investors are not allowed to trade odd-lot on the first tradingday of newly listed securities; and odd-lot trading is completely separate fromround lot trading, meaning that odd-lot trading orders can only be matched witheach other and not matched with round lot orders. And investors are limited tomake odd-lot orders.
In addition, the correction and cancellation of odd-lot orders follow the samerules as round lot trading, and the matching price of odd-lot trading is notused to calculate the indices./.
VNA
