Online trading is as the new strategy to attract more customers Essay
I - Online trading is as the new strategy to attract more customers Essay introduction. Introduction:
Trading online becomes a new tendency for many concerns and corporations presents. Most of Bankss trade through the cyberspace banking and other on-line service. Security companies are non exception. In many developing states, when their stock market is still weak, the online trading is as the new scheme to pull more clients particularly Foreign Institutional Clients ( FIC ) . In Saigon Security Inc. ( SSI ) , as a Business Development Advisors, I will make my proposal of new platform for on-line trading to subject to Board of Direction ( BoDs ) . Through the proposal, clients will cognize some information about the overview of the securities market in Vietnam, and the proposal besides guides the clients how to merchandise online through the SSI system every bit good as pull off their investing.
II. OVERVIEW OF STOCKS AND BONDS MARKET:
Vietnam Stocks market was born on July 11th 1998 with two Securities Trading Centers at Ho Chi Minh City and Hanoi Capital which belong to State Security Commission of Vietnam ( SSC ) . Ho Chi Minh Securities Trading Center ( HOSTC ) was established on July 11th 1998 and implemented the first session at July 28th 2000. Ho Chi Minh City Securities Trading Center is listed and traded securities of big companies. On 8th August 2007, HOSTC was renamed and upgraded to the Ho Chi Minh Stock Exchange ( HOSE ) . Hanoi Securities Trading Center ( HASTC ) was born on March 8th 2005 and this is a topographic point for the little and average endeavors with charter capital about 5 to 30 billion. On June 24th 2009, Hanoi Securities Trading Centre ( HASTC ) officially became Hanoi Stock Exchange ( HNX ) . Recently, the OTC market has been managed by SSC through UPCOM market, the market for unlisted companies. In this market, the companies which can non follow the demand of the SSC to name on the market will hold a opportunity to pull capital in this topographic point.
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III. ONLINE Trading GUIDE:
1. Currency Converting:
The Foreign Institutional Clients put into the Vietnamese market should utilize the VND for trading so that they should change over their money on Trade twenty-four hours -1 ( T-1 ) which means before the trade twenty-four hours one twenty-four hours. The exchange rate will ever establish on the bank exchange rate, and this information will be updated at the terminal of the twenty-four hours.
2. Topographic point order:
a ) Buy order:
Customer can put orders to purchase securities by3 different ways: “Buy” Button on your history, imperativeness Ctrl+B or “Buy” button on the monetary value board.
The bargain order procedure will follow three stairss. First, we will purchase order by three difference ways above. Second, we will make full in the spaces with order information including the securities codification, measure, monetary value and the PIN codification. Sometimes, you are non certain about the securities codification, you can seek the information of the securities by come ining the characters on the hunt machine, the system will give you full information demand about the Reference, Celling and Floor monetary value, lowest, highest and mean monetary value, the Foreign Room available, recognition available, etc.. When enter the monetary value or volume of stock, you do non allow any infinites and comma between the Numberss. Finally, you will corroborate the bargain order by utilizing the matrix card to come in the codification for security system. You can see in the figure 3 is the codification demand for verification and figure 4 is the matrix card which has figure demand to utilize for verification codification.
B ) Sell order:
Customer can put orders to purchase securities by4 different ways: “Sell” Button on your history, imperativeness Ctrl+S, “Sell” button on the monetary value board or in “portfolio management” .
The sell procedure will besides follow three stairss. First, put the sell order by difference methods above. Second, taking the securities codification in your list with the volume and the monetary value you want to sell. You will see the mention, celling and floor monetary value for the trading twenty-four hours, and you besides see the matching monetary value which will be your mention to set the monetary value. The same with bargain order, when enter the monetary value or volume of stock you want to sell, you do non allow any infinites and comma between the Numberss. Finally, you will corroborate the sell order by utilizing the matrix card to come in the codification for security system as the same manner with buy order.
degree Celsiuss ) Cancel order:
When you want to call off the bargain or sell order, foremost you should look into the current order position, because you can call off orders which have non matched yet. There are some stairss of cancel order procedure. First, you put the “Cancel” button on the screen “ Order Status ” The cancel-order-screen will look:
Second, you enter the PIN codification for security system and chink on “Put order” button. Finally, the system will demo you the verification proclamation for call offing or non. If you still want to call off, you click on “Cancel” button, or if you do non desire to call off, you can snap on “Close” button for non call offing the order.
IV. PORTFOLIO MANAGEMENT: