PSI together with CMC TS and Goline officially introduce new securities trading system
CIOAdvisor Apac | Monday, December 09, 2019
A securities trading system, designed to initially support clients, securities service staff, independent brokers and regulators, was officially launched, after nearly one year of implementation.
The new system was developed by PetroVietnam Securities Incorporated (PSI) and the joint venture of CMC Technology and Solution (CMC TS) and Goline Informatics Technology and Service Joint Stock Company (Goline).
On the platform of Okasan Information System Company (OIS), one of five leading securities enterprises in Japan, the new securities trading system will help PSI to minimise business process and operating time with automated processing tools, while also reducing freezing and crashing issues during trading hours.
Currently, OIS securities software system is being deployed successfully in the stock markets of Japan, Hong Kong and Shanghai.
PSI's new securities trading system provides the fastest stock quotations in Viet Nam, supporting up to 10,000 common orders and 5,000 margin trading orders per second.
Securities investors can actively manage their accounts in real time safely and effectively without having to contact the securities company directly and any changes in asset data are automatically updated.
Nguyen Xuan Hung, PSI’s deputy director, said that when the new system was officially implemented, tasks were automatically operated on software.
Moreover, the new securities trading system with cutting-edge technology would support PSI to easily develop new products to meet capacity requirements of stock market, while providing dynamic reports with quick response time, assisting PSI’s directors in decision making and management, he added.
In this project, the joint venture of CMC TS and Goline is a total solution provider. In addition to equipping the Core software system for securities trading, CMC TS also provide PSI with server equipment infrastructure system, storage system and synchronous network system which connects bank, stock exchanges and securities depositories.
This infrastructure system meets operating requirements of Core software, and is ready for the application of future operational functionalities according to international standards.
Information security review system provided by CMC Cyber Security, a member company of CMC TS, will ensure the highest security for customer transactions.
“Core-system conversions are always challenging, complex and intense. In this project, CMC TS is proud of delivering PSI total solution from infrastructure to software deployment, as well as information security for the system. CMC TS is committed to accompanying PSI to ensure the operation and security of the new securities trading system,” Ho Thanh Tung, CEO of CMC TS stated.
The new system was developed by PetroVietnam Securities Incorporated (PSI) and the joint venture of CMC Technology and Solution (CMC TS) and Goline Informatics Technology and Service Joint Stock Company (Goline).
On the platform of Okasan Information System Company (OIS), one of five leading securities enterprises in Japan, the new securities trading system will help PSI to minimise business process and operating time with automated processing tools, while also reducing freezing and crashing issues during trading hours.
Currently, OIS securities software system is being deployed successfully in the stock markets of Japan, Hong Kong and Shanghai.
PSI's new securities trading system provides the fastest stock quotations in Viet Nam, supporting up to 10,000 common orders and 5,000 margin trading orders per second.
Securities investors can actively manage their accounts in real time safely and effectively without having to contact the securities company directly and any changes in asset data are automatically updated.
Nguyen Xuan Hung, PSI’s deputy director, said that when the new system was officially implemented, tasks were automatically operated on software.
Moreover, the new securities trading system with cutting-edge technology would support PSI to easily develop new products to meet capacity requirements of stock market, while providing dynamic reports with quick response time, assisting PSI’s directors in decision making and management, he added.
In this project, the joint venture of CMC TS and Goline is a total solution provider. In addition to equipping the Core software system for securities trading, CMC TS also provide PSI with server equipment infrastructure system, storage system and synchronous network system which connects bank, stock exchanges and securities depositories.
This infrastructure system meets operating requirements of Core software, and is ready for the application of future operational functionalities according to international standards.
Information security review system provided by CMC Cyber Security, a member company of CMC TS, will ensure the highest security for customer transactions.
“Core-system conversions are always challenging, complex and intense. In this project, CMC TS is proud of delivering PSI total solution from infrastructure to software deployment, as well as information security for the system. CMC TS is committed to accompanying PSI to ensure the operation and security of the new securities trading system,” Ho Thanh Tung, CEO of CMC TS stated.
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