Vietnam.vn - Nền tảng quảng bá Việt Nam

State Securities Commission requests to stop using automatic order placing robots

Báo Sài Gòn Giải phóngBáo Sài Gòn Giải phóng09/09/2023


SGGPO

Through the management and supervision of online securities trading services, the State Securities Commission has found that there is a phenomenon of using robot technology to place automatic online securities trading orders with high frequency. This activity has many potential risks and affects the stability of the stock market.

State Securities Commission requires securities companies to stop using automatic order placement
State Securities Commission requires securities companies to stop using automatic order placement

In the latest announcement of the State Securities Commission, this agency has requested securities companies to review and immediately stop using the form of automatic order placement; at the same time, take technical measures to prevent the form of automatic order placement and require investors to stop using the above form without permission from the management agency.

According to the State Securities Commission, the phenomenon of using robot technology to automatically place online stock trading orders poses many risks and affects the stability of the stock market.

Specifically, automatic order placement causes a sudden increase in orders from securities companies to the Stock Exchange at the same time, leading to the number of orders entering the floor exceeding the design capacity of the entire system, causing system overload. At the same time, this activity leads to the risk of chain breakdown when the market is bad, thereby negatively affecting the risk management of securities companies.

Accordingly, the State Securities Commission requires securities companies to seriously implement and take full responsibility before the law for the above issues.



Source

Comment (0)

No data
No data
Image of terraced fields in Phu Tho, gently sloping, bright and beautiful like mirrors before the planting season
Z121 Factory is ready for the International Fireworks Final Night
Famous travel magazine praises Son Doong cave as 'the most magnificent on the planet'
Mysterious cave attracts Western tourists, likened to 'Phong Nha cave' in Thanh Hoa
Discover the poetic beauty of Vinh Hy Bay
How is the most expensive tea in Hanoi, priced at over 10 million VND/kg, processed?
Taste of the river region
Beautiful sunrise over the seas of Vietnam
The majestic cave arc in Tu Lan
Lotus tea - A fragrant gift from Hanoi people

Heritage

Figure

Business

No videos available

News

Political System

Local

Product