Korea Securities Computing Corp. will team up with a major Vietnamese securities trading exchange to jointly develop financial information technology solutions for the Vietnamese capital market.

The local financial IT solution provider said on Wednesday its CEO met with his counterpart of the Ho Chi Minh City Stock Exchange, or HOSE, to attend a signing ceremony of a memorandum of understanding between the two firms held a day earlier in Vietnam. 


“We hope that the MOU will pave the way for us to advance financial IT in the market,” said Tran Van Dung, chairman and CEO of the HOSE.

Under the partnership, the two companies will work on developing solutions tailored to Vietnamese investors and brokers based on KOSCOM’s existing real-time financial data services such as composite financial information terminal service called CHECKExpert+, which provides domestic and overseas financial market information, news and corporate information.

According to the IT solution provider, it will also assist the bourse operator to adopt the HINT Service which provides a platform for simulated investment and algorithm system in which investors can go through the actual investment process in advance to verify their investment strategies.

Established in 2000, the HOSE is an administrative agency of the State Securities Commission and one of main stock exchanges in the country along with the Hanoi Stock Exchange.

By Park Han-na (hnpark@heraldcorp.com)