News · VnExpress

Proposal to invest in infrastructure for securities trading through the lunch break

PGS.TS Trần Hoàng Ngân proposes investing in modern IT infrastructure so the stock market can move toward trading through the lunch break and continuously 24/7, after several market outages since operations began in July 2000 and with over 14 million accounts now. He stresses the need for high-quality human resources to oversee and inspect trades so that manipulation can be detected promptly. Delegate Bùi Xuân Hải says the draft's talent-retention policies are too general because it does not define the securities sector. Finance Minister Ngô Văn Tuấn says the current system has run relatively stably but the country must master the technology to repair and upgrade it, and notes that between 2010 and 2012, 180 of the Securities Commission's 300 staff applied to leave for businesses. The Commission is asking exchanges to assess the impact of options such as trading through the lunch break, wider price bands and dropping some periodic call auction sessions, without setting an implementation date. The bill will be voted on at the 13 November session and, if passed, take effect on 1 March 2027.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Đề xuất đầu tư hạ tầng để giao dịch chứng khoán xuyên trưa

Read the original on VnExpress ↗

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