On January 24th, 2019, Petrovietnam Securities Incorporated (PSI) and the joint venture of CMC System Integration Company Limited (CMC SI) and Goline Informatics Technology and Service Joint Stock Company (Goline) signed a contract to supply and deploy the system for securities management and trading.

In particular, CMC SI and Goline will coordinate with PSI to upgrade Core software system for securities trading, add new features and operations to fit in with the roadmap for infrastructure, product and service development of stock exchanges and securities depositories of PSI.

The system deployed is Core product for securities trading designed for Vietnam market by Okasan Information System Company (OIS) - Japan. It is known that OIS is a subsidiary of 1 of 5 leading securities corporation in Japan. Currently, OIS securities software system is being popularly and successfully deployed in the stock markets of Japan, Hong Kong and Shanghai.

The securities software system which is developed specifically for the Vietnamese market by OIS is VGAIA. With VGAIA, PSI can comprehensively deploy solutions and provide customers with online services that Stock Exchanges and Securities Depositories are applying to meet the operations of Vietnamese stock market today as well as ready for the application of operations in the future according to international standards.

Speaking at the signing ceremony, Mr. Nguyen Xuan Hung, Deputy Director, Petrovietnam Securities Incorporated affirmed: “Along with the explosion of e-commerce as well as the inevitable trend of financial technology (Fintech), the investment in modern technology infrastructure is determined by Petrovietnam Securities Incorporated as the key target.  Japan‘s stock market is the 2ndlargest in the world after the US, with a high commitment of quality, service, and warranty policy. This is a factor that makes PSI feel secure when choosing VGAIA system; at the same time, it helps to affirm the strategic target of PSI in the near future, which is to better serve Japanese investors in Vietnam. PSI hopes that the new securities management and trading software will provide features and operations in line with the development path of Vietnamese stock market, as well as providing an interesting experience for customers and enhancing position of PSI in the market ”.

In addition to equipping the Core software system for securities trading, CMC SI and Goline also help to provide PSI with server equipment infrastructure system, storage system and synchronous network system, meeting the operational requirements of Core software system for securities trading.

Mr. Vu Tat Thanh, Business Director of Finance - Securities - Banking Division, CMC System Integration Company affirmed: “Being an experienced unit who has deployed contracts of system integration and Core software for transactions for customers in the finance and securities industry, CMC SI is confident of this project. We commit to ensure resources, closely coordinate with stakeholders to execute the contract and meet aspirations and expectations of PSI ”.

Also at the signing ceremony, representative of Okasan Group expressed the desire to continue to exchange and cooperate for long-term development with Vietnamese enterprises in developing professional products and financial services.

By ICT News