Thread: June 4th Prediction

On the the Live Trading for the Stock Market, was delayed again. Hummmmm. Just informing you guys.

Stock market

Real-time order-matching application delayed again

VNECONOMY updated: 01/06/2007


The plan to apply the real-time order matching as of June 4 has failed for the third time. Deputy Director of the HCM City Securities Trading Centre (HSTC) Le Hai Tra yesterday said that the application of the real-time order matching scheme has delayed once again, and it is unclear when to apply the scheme.

HSTC had not received the approval from the State Securities Commission (SSC) by yesterday afternoon on the plan to apply the real-time order matching as of June 4.

The news that the real-time order matching scheme has been delayed for the third time has dampened investment.

From May 18 to 31, HSTC and its securities companies members ran in a trial basis the real-time order matching in every afternoon. Investors were invited to the trading floors to watch the trial run. However, not many investors came to the trading floors.
Rong Viet’s trading floor, for example, saw only one or two investors in every trading session, while SSI’s floor received less than 10 clients. Investors could open a virtual account, placed orders and keep watch if their orders were matched.

Worries have been raised about whether investors could get adapted to the new transaction scheme

Bui Van Tuynh, Director General of Dai Viet Securities Company, said that no big problem will arise as investors proved to understand the scheme and the rules well.

Meanwhile, IT Director of VnDirect Securities Company Huynh Minh Vu said that the application of the real-time order matching scheme would not put any technical difficulties for securities companies as Vietnam is on high level of IT.

However, Tien phong’s reporters have found out that many securities companies still make mistakes and they are not ready for the new scheme of transaction.

The director of a securities company said that if the new scheme is applied as of June 4, at least 10 securities companies would not get adapted technically. He said that his company has made a survey with its clients, which showed that 60% of investors did not understand this scheme.

However, Director of BVSC HCM City branch Vo Huu Tuan did not share the same view. He said that the currently applied backward scheme should not exist any longer.

Meanwhile, SSC and the Ministry of Finance still consider whether to apply the real-time order matching. In fact, securities prove to be not ready enough for the new scheme, and if errors occur, the companies and investors would suffer serious losses.

However, analysts have warned that if state management authorities continuously delay the application, they will lose the confidence from investors. “Confidence is much more important than money,” they said.

Báo Ä�iện tá»* - Thá»�i báo Kinh tế Việt Nam

Neno, do you think this could possibly be a smokescreen if IMF reports are correct that the dong will go same time as the dinar? Was it China that said the same thing and then next day they revalued?

Originally Posted by Heres-Hoping

Neno, do you think this could possibly be a smokescreen if IMF reports are correct that the dong will go same time as the dinar? Was it China that said the same thing and then next day they revalued?

yes it was china.theres just something about those eyes.

Originally Posted by QQQ

yes it was china.theres just something about those eyes.

Where are these IMF reports that say the dong and dinar will Rv at the same time? I have not seen any posted!

Originally Posted by screwball

Where are these IMF reports that say the dong and dinar will Rv at the same time? I have not seen any posted!

Exactly what I was thinking. If these reports exist, I am going to bet the farm on dinar/dong.

Originally Posted by QQQ

yes it was china.theres just something about those eyes.

How about these eyes?

Originally Posted by screwball

Where are these IMF reports that say the dong and dinar will Rv at the same time? I have not seen any posted!

They don't exist. Only rumors and speculation have indicated that the Dong and the Dinar will RV at the same time. These two currencies and countries have absolutely nothing in common in any way, shape or form...and so are totally independent of each other as investments. Vietnam is so far advanced it makes Iraq look like it is in the dark ages. Sure am glad that I have both currencies though.