FPT develops Market Surveillance System for the Vietnamese stock market

The opening ceremony of the securities trading monitoring system on March 19 at the State Securities Committee.

The MSS project has been implemented since December 2011, which is funded by the project “Vietnam Capital Market Development” - VIE026 sponsored by the Government of Luxembourg via Luxembourg Agency for Development Cooperation (Lux-Development). FPT IS is responsible for building this IT system.

The MSS system focuses on the monitoring of securities trading on the Ho Chi Minh City Stock Exchange (HSX) and Hanoi Stock Exchange (HNX) and UPCom (the trading market for unlisted public companies).

After twelve years of development, the Vietnamese stock market has been participated by 844 listed companies, trading on the two exchanges; nearly 1,000 unlisted public companies; 105 securities firms; 47 portfolio management companies and more than 1.2 million individual trading accounts and other affiliate members.

The MSS system is able to collect data from the stock exchanges and the Securities Depository Center and create predefined reports and statistics for users. It can also provide warnings on abnormal transactions for effective trading monitoring and enable users to look up for collected data for market surveillance. Investors, therefore, are protected during the performance of trading activities through the ability to set up criteria for early warning, warnings based on rumors and abnormal information.

Highly appreciating the roles and capabilities of FPT in the project, Ms. Lien Hoa, Vice President of the State Securities Committee said “I am fully satisfied with the result brought by the MSS”. She also required FPT IS to assist the SSC in upgrading the system in terms of professional procedure and capabilities.