User Guide

From Monday to Friday per week, except holidays as stipulated by the Labor Law.

1. Periodic order matching method

The method of trading which is made on the basis of comparing buying orders and selling orders at specified time: Opening (9h15)/Closing (14h45).

2. The continuous order matching method

The method of trading which is made on the basis of comparing buying/selling orders immediately when they are inputted into the trading system.

3. Put through

a) The buying and selling parties negotiate the trading conditions. After that, the transaction is entered into the trading system by the brokerage firms representing the buyer and seller to record the result.

b) Intraday put-through orders that remain unmatched cannot be carried forward to the after-hours put-through trading session.

4. Matching principles

a) Price priority: Buy orders with higher prices are executed first, while sell orders with lower prices are prioritized for execution.

b) Time priority: For buy (or sell) orders with the same price, the order entered into the trading system first will be executed first. If matching counter orders both satisfy the price conditions, the execution price will be determined based on the price of the order that was entered into the system earlier.

1. Periodic order matching method

The method of trading which is made on the basis of comparing buying orders and selling orders at specified time closing (14h45).

2. Continuous order matching method

The method of trading which is made on the basis of  comparing buying/selling orders immediately when they are inputted into the trading system.

3. Put-through transaction

a) The buying and selling parties negotiate the trading conditions. After that, the transaction is entered into the trading system by the brokerage firms representing the buyer and seller to record the result.

b) Intraday put-through orders that remain unmatched cannot be carried forward to the afterhours put-through trading session.

4. Matching principles

a) Price Priority: Buy orders at higher price will take precedence; Sell orders at lower price will take precedence.

b) Time Priority: In case there are lots of buying or selling orders at the same price, those which entered into the trading system earlier will take precedence in execution. The matching price is the price of the order entered into the trading system earlier.

1. Periodic order matching method

Not Applied.

2. Continuous order matching method

The method of trading which is made on the basis of comparing buying/selling orders immediately when they are inputted into the trading system

3. Put-through transactions

Buyers and sellers mutually agree on the trading terms. Once the agreement is reached, the transaction will be entered into the trading system by the securities company representing the buying and selling parties for official record-keeping.

4. Matching principles

a) Price Priority: Buy orders at higher price will take precedence; Sell orders at lower price will take precedence.

b) Time Priority: In case there are lots of buying or selling orders at the same price, those which entered into the trading system earlier will take precedence in execution. The matching price is the price of the order entered into the trading system earlier.

The reference price is calculated by the matching price of the closing periodic order matching session of the previous trading day.

Reference price is the weighted average of even lot trading prices calculated from continuous order matching method of the latest trading day.

Stocks, Closed-end fund certificates, ETFs, Covered Warrant: even lot transactions (from 100 to 500.000), put through transactions (from 20.000)

- Stocks and ETF fund certificates: standard lot trading (100), put-through trading (from 5,000)

- Corporate bonds: standard lot trading (1), put-through trading (from 1).

Even lot transactions (100), put through transactions (from 1)

- Executed according to periodic order matching, continuous order matching, and put-through transaction methods.

- Only Limit Orders (LO) are allowed (cancellation/modification is similar to standard lot trading).

- The trading unit is 01 share/bond (from 1 to 99).

- Trading price: Similar to standard lot trading; odd-lot orders are not used to determine reference prices or index calculation prices.

- Not permitted on the first trading day of newly listed stocks or the first trading day after resumption following a 25-day suspension, until a closing price is established.

Securities classified as restricted can only be traded on Fridays each week, with all order types and trading sessions available as usual.

- Buying/Selling stock/ETFs/CW: T+1.5

- Buying/Selling Bonds: T+1

- Buying/Selling stock/ETFs: T+1.5

- Buying/Selling Bonds: T+1

- Buying/Selling stock : T+1.5

- Trading at the counter

- Trading via Hotline: 028 6288 6000

- Trading via Online:Web Trading System (WTS), Mobile trading System (San Xin Ha), Hometrading System (HTS)

(1) Each Investor can only open 1 account at 01 securities company and is allowed to open accounts at other securities companies.

(2) Investors are allowed to buy and sell the same security within the same trading day. However, they are not permitted to simultaneously place both buy and sell orders for the same security within a single periodic order matching session, except for orders that were entered during the previous continuous trading session, remain unmatched, and are still valid.

(3) Investors must ensure that they have enough volume of shares when placing a sell order and enough money margin when placing a buy order according to regulations.

(4) Institutions, individuals and related persons who holding at least 5% of shares of a public company or public securities investment company make transations that lead to the variation by more than 1% of its share shall disclose information and submit reports to SSC, SE and the public company or securities investment fund management company within 05 working days from the date of the variation.

(5) Internal shareholders (BOD, BOM, Chief Accountant, Members of Supervisory board, Major Shareholder, Information Disclosurer and the related persons) of the listed company intending to trade its shares must report in writing to SSC, SE and the listed company at least 03 working days before executing transactions and can only be executed on the trading day immediately following the announcement of the information by SE. Internal shareholders must report to SSC, SE and the listed company on the results of transactions within 05 working days from the date of completion of the transactions or after the expiry of the trading period.

(6) Regulations of ratio owner/transactions of foreign investors:

(i) Stocks: Depending on the room of the company which foreign investors are allowed to invest.

(ii) CW, ETFs Certificate: No restriction.

(iii) Open-end fund certificate: No restrictions except in cases where fund regulations impose limitations.

(iv) Closed-end fund certificates, member funds: No restriction, unless the fund charter provides for a limit.

(v) The number of shares and closed-end fund certificates that foreign investors are still allowed to purchase (Room) is calculated based on the following principles:

- For matched orders:

+ The quantity of shares and closed-end fund certificates purchased by foreign investors is deducted from Room immediately after the buy order is entered into the system.

+ The quantity of shares and closed-end fund certificates sold by foreign investors is added to Room after the securities transaction is settled.

+ Buy orders for shares and closed-end fund certificates entered into the trading system by foreign investors will not be accepted if Room is less than the order quantity.

+ In cases where the buy order for shares and closed-end fund certificates is amended to reduce the quantity, Room increases by the reduced amount immediately after the amended order is entered into the system.

+ If the buy order for shares and closed-end fund certificates is amended to increase the quantity, Room decreases by the increased amount immediately after the amended order is entered into the system. If Room is less than the increased amount, the trading system will not accept the amended order.

+ If a buy order for shares and closed-end fund certificates is canceled by the investor or the trading system, Room increases by the canceled quantity.

- Put-through transactions: 

+ Room will be reduced immediately after the buy-side negotiated order is entered into the trading system if the transaction is between a foreign investor buying and a domestic investor selling.

+ If a foreign investor cancels a put- through transaction order with a domestic investor selling, Room will increase immediately after the cancellation order is entered into the system.

+ Room will increase immediately after the transaction settlement is completed if the transaction is between a foreign investor selling and a domestic investor buying.

+ Room will unchanged if the negotiated transaction is conducted between two foreign investors.