What are principles of price determination in periodic order matching method at the Ho Chi Minh City Stock Exchange in Vietnam?

What are principles of price determination in periodic order matching method at the Ho Chi Minh City Stock Exchange in Vietnam?

In Clause 2, Article 6 of the Regulations on Securities Trading at the Ho Chi Minh City Stock Exchange issued with Decision 352/QD-SGDHCM in 2021, there are regulations on the principles of price determination in the method of matching orders at the Ho Chi Minh City Stock Exchange as follows:

2. Principles for determining prices in the periodic order matching method:

a) Is the execution price at which the trading volume reaches the largest and all buy orders with a higher price and sell orders with a lower price than the selected price must be executed;

b) In case there are multiple prices that satisfy point a of this Clause, the price selected for execution is the price at which all orders of one party must be executed, all orders of the opposing party must be executed or one party must be executed;

c) In case there are multiple prices that satisfy point b of this Clause, the price selected is the price that is identical or close to the most recent implemented price of the day; In case there is no exercise price, the selected price is the same or close to the reference price.

d) In case there is no price that satisfies point b of this Clause, the price selected is the price that satisfies point a of this Clause and is identical or close to the latest realized price of the day; In case there is no exercise price, the selected price is the same or close to the reference price.

3. Principle of price determination in the continuous order matching method: Is the price of the corresponding limit orders waiting on the order book.

4. Stocks, closed-end fund certificates, ETF certificates, and warrants are traded according to order matching and agreement methods.

5. Bonds are traded by agreement method.

 What are principles of price determination in periodic order matching method at the Ho Chi Minh City Stock Exchange in Vietnam? (Image from the Internet)

What are principles for matching trading orders at the Ho Chi Minh City Stock Exchange in Vietnam?

In Article 7 of the Regulations on Securities Trading at the Ho Chi Minh City Stock Exchange issued with Decision 352/QD-SGDHCM in 2021, there are regulations on the principles of matching trading orders at the Ho Chi Minh City Stock Exchange as follows:

The trading system of the Stock Exchange matches buy and sell orders of securities according to the principle of price and time priority as follows:

1. Price priority:

a) Buy orders with higher prices are given priority to be executed first;

b) Sell orders with lower prices are prioritized for execution first.

2. Time priority: In case buy or sell orders have the same price, the order entered into the trading system first will have priority for execution.

What are regulations on trading units and price listing units at Ho Chi Minh City Stock Exchange in Vietnam?

In Article 8 of the Regulations on Securities Trading at the Ho Chi Minh City Stock Exchange issued with Decision 352/QD-SGDHCM in 2021, there are regulations on trading units and price listing units at the Ho Chi Minh City Stock Exchange are regulated as follows:

1. The even lot trading unit for order matching transactions is 100 shares, closed-end fund certificates, ETF certificates, and warrants. Each even-lot trading order must not exceed the maximum volume of 500,000 shares, closed-end fund certificates, ETF certificates, and warrants.

2. The large lot trading unit for put-through transactions is 1 share, closed-end fund certificate, ETF fund certificate, warrant. Large lot trading volume greater than or equal to 20,000 shares, closed-end fund certificates, ETF certificates, warrants.

3. For bond transactions: There are no regulations on trading units.

4. The price listing unit is specified as follows:

a) Trading by order matching method:

- For stocks and closed-end fund certificates:

- For ETF fund certificates and warrants: Apply the quotation unit of 10 VND for all prices.

b) The quoted price unit for put-through transactions is 1 VND.

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