June 4: HSTC to apply real-time order matching scheme

[Chaka]

http://www.mof.gov.vn/DefaultE.aspx?tabid=356&ItemID=42914

The real-time order matching scheme was previously planned to be applied on April 1.
Foreign banks were supposed to be allowed to open independantly on April 1 but were also delayed...Related? Perhaps, but definately something to keep eye on.
Since they are swapping systems, might as well adjust share prices from RV at same time

However, the plan was delayed to May 7 due to the slow preparatory works. After that only 12 out of 45 securities companies got ready for the new scheme, and the scheme application has been, once again, delayed.

Mr Sinh said that the real-time order matching, applied since May 18 on a trial basis, has been going smoothly, which paves the way for the official application of the scheme, slated for early June.

[Lowrider]

Can you explain what this means to this venture? I have 1 mil dong, not too savvy on the whole issue.

[sgmunson]

Seems to me that BoA suddenly and quickly making the dong available as a foreign currency via their website and then just as quickly yanking it some two days later might well be a result of the delay explained here... Could June 4th or soon thereafter be our dong RV day ?

Steve
(aka sgmunson)
:happy64: :happy64: :happy64: :happy64:

http://www.mof.gov.vn/DefaultE.aspx?tabid=356&ItemID=42914

The real-time order matching scheme was previously planned to be applied on April 1.
Foreign banks were supposed to be allowed to open independantly on April 1 but were also delayed...Related? Perhaps, but definately something to keep eye on.
Since they are swapping systems, might as well adjust share prices from RV at same time

However, the plan was delayed to May 7 due to the slow preparatory works. After that only 12 out of 45 securities companies got ready for the new scheme, and the scheme application has been, once again, delayed.

Mr Sinh said that the real-time order matching, applied since May 18 on a trial basis, has been going smoothly, which paves the way for the official application of the scheme, slated for early June.

[Sponson]

Seems to me that BoA suddenly and quickly making the dong available as a foreign currency via their website and then just as quickly yanking it some two days later might well be a result of the delay explained here... Could June 4th or soon thereafter be our dong RV day ?

Steve
(aka sgmunson)
:happy64: :happy64: :happy64: :happy64:

Sounds good to me!

:happy64:

[Joel57]

Thanks Chaka

[shevaub]

The HCM City Securities Trading Centre (HSTC) will apply the real-time order matching scheme as of June 4, 2007, according to Tran Dac Sinh, HSTC Director.

Mr Sinh said that the real-time order matching, applied since May 18 on a trial basis, has been going smoothly, which paves the way for the official application of the scheme, slated for early June.

The real-time order matching scheme was previously planned to be applied on April 1. However, the plan was delayed to May 7 due to the slow preparatory works. After that only 12 out of 45 securities companies got ready for the new scheme, and the scheme application has been, once again, delayed.

Mr Sinh has also informed that HSTC will delay the date of applying the scheme on large-lot transactions (100-share lot instead of 10-share lot) until January 1, 2008.

:happy64: :happy64: :happy64: