Stock brokerages bring back order cancelation, modification functions

11/06/2021 12:24 10

Stock brokerages bring back order cancelation, modification functions


Leading stock brokerages like VPS, Mirae Asset, VNDirect, HSC, and FPTS have announced that the cancelation and modification options could be again used except during peak trading hours. -

The Ho Chi Minh Stock Exchange (HoSE)’s 20-year-old system has been overloaded in recent weeks due to a huge influx of new retail investors, slowed down to a crawl and required trading to be halted on June 1 that brokerages had told clients not to cancel or modify their orders.

The daily trading value has increased from VND21-22 trillion (US$905.2-948.3 million) last month to VND28-30 trillion now. But many investors believe that the suspension of the modification and cancellation functions caused huge problems by distorting supply and demand, which led them to choose more risky trading approaches.

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