Vietnam’s exchange launches new trading system
15 May 2025 Vietnam
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The Ho Chi Minh Stock Exchange (HOSE) has launched its next-generation trading platform, as part of its strategy to modernise Vietnam’s capital market infrastructure.
A key component of this transformation is the deployment of a central securities depository (CSD) solution delivered by CMA Small Systems AB to the Vietnam Securities Depository and Clearing Corporation (VSDC).
Bulat Nizamov, director of capital markets products at CMA, comments: “Vietnam’s capital market required a solution that could meet both current demands and future ambitions.
“With DEPO/X, we delivered a system tailored to the local context while fully aligned with international best practices.”
The new CSD solution, based on CMA’s DEPO/X platform, is now fully operational at VSDC.
It covers a range of post-trade functionalities, including dematerialisation, real-time settlement, corporate actions processing, registry services, and support for T+0 settlement cycles.
The system is fully compliant with ISO 20022 messaging standards and includes a dedicated securities lending and borrowing (SLB) module, expanding market liquidity and enhancing risk management.
Vietnam’s capital market has witnessed rapid growth in recent years, with more than 9.6 million investor accounts as of April 2025, according to the CMA.
A key component of this transformation is the deployment of a central securities depository (CSD) solution delivered by CMA Small Systems AB to the Vietnam Securities Depository and Clearing Corporation (VSDC).
Bulat Nizamov, director of capital markets products at CMA, comments: “Vietnam’s capital market required a solution that could meet both current demands and future ambitions.
“With DEPO/X, we delivered a system tailored to the local context while fully aligned with international best practices.”
The new CSD solution, based on CMA’s DEPO/X platform, is now fully operational at VSDC.
It covers a range of post-trade functionalities, including dematerialisation, real-time settlement, corporate actions processing, registry services, and support for T+0 settlement cycles.
The system is fully compliant with ISO 20022 messaging standards and includes a dedicated securities lending and borrowing (SLB) module, expanding market liquidity and enhancing risk management.
Vietnam’s capital market has witnessed rapid growth in recent years, with more than 9.6 million investor accounts as of April 2025, according to the CMA.
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