What is a trading order at the Close order in listed securities trading in Vietnam?

What is a trading order at the Close order in listed securities trading in Vietnam?

Pursuant to Point d Clause 2 Article 17 Regulations for Listing Securities and Trading of Listed Securities promulgated together Decision 17/QD-HDTV 2022 has the following provisions:

d) At the Close (ATC) order is an order to buy or sell a security with the trading system that records the execution price according to the following principles:

- If there are only ATC orders on the order book:

+ The execution price is the latest matching price or the reference price (in case there is no nearest execution price) if the order books only have ATC buy or sell orders, or the total volume of buy orders is equal sell orders.

+ The execution price is one tick size unit higher than the latest matching price if the total volume of buy orders is greater than that of sell orders (if being higher than the ceiling price, it is recorded as the ceiling price).

+ The execution price is one tick size unit lower than the latest matching price if the total volume of sell orders is greater than that of buy orders (if being lower than the floor price, it is recorded as the floor price).

- If there are LOs on the order book:

+ The price of ATC orders is the highest of the following three prices: the highest buy price plus one tick size unit (if higher than the ceiling price, the execution price will be determined as the ceiling price), the counterparty's highest sell price, or the reference price if there is no last execution price.

+ The price of ATC sell orders is the lowest of the following three prices: the lowest sell price minus one tick size unit (if lower than the floor price, the execution price will be determined as the floor price), the counterparty's highest buy price, or the reference price if there is no last execution price.

ATC orders are entered into the trading system during the Periodical Order Matching Session to determine the closing price, and will be automatically cancelled after the closing price determination time if the orders are not executed or not fully executed.

ATC orders take precedence over limit orders (LO) during order matching.

What is a trading order at the Close order in listed securities trading in Vietnam? (Image from the Internet)

What is a Post Limit Order in listed securities trading in Vietnam?

Pursuant to Point dd Clause 2 Article 17 Regulations for Listing Securities and Trading of Listed Securities promulgated together Decision 17/QD-HDTV 2022 has the following provisions:

dd) Post Limit Order (PLO) is an order to buy or sell securities at the closing price after the end of the Periodic Order Matching Session. PLO will be put into the system only on after-hours trading session. PLO will be matched immediately if there is counterpart order on the market. The execution price is the closing price of the trading day. In cases the closing price cannot be determined, PLO will not be entered into the system. At the end of the after-hours trading session, unmatched PLO or the remainder of the orders that are not executed will be automatically canceled.

What are contents of listed securities trading orders in Vietnam?

According to Article 19 of the Regulations for Listing Securities and Trading of Listed Securities promulgated together Decision 17/QD-HDTV 2022 Regulations on the content of listed securities trading orders include:

1. Order number.

2. Order type.

3. Buy or sell order.

4. Ticker symbol.

5. Volume.

6. Price (if any).

7. Investor's account number.

What does content of confirmation of order matching of listed securities trading in Vietnam comprise? 

In Article 20 of the Regulations for Listing Securities and Trading of Listed Securities promulgated together Decision 17/QD-HDTV 2022 Stock Exchange regulations confirm trading results by order matching method with the following contents:

HNX/HoSE confirms the trading results by order matching method with the following contents:

1. Trading order number.

2. Trading confirmation number.

3. Order type.

4. Ticker symbol.

5. Execution price.

6. Volume.

7. Trading time.

8. Buy or sell order.

9. Order symbol.

10. Investor's account number.

11. Trading member code.

12. Other contents according to the regulations of the VSE.

Best regards!