Nearly 400 listed firms on the Hanoi Exchange (HNX) are now able to send their reports to the bourse’s system and investors via an automatic system that was launched on Tuesday instead of supplying written documents as previously.

The Corporate Information Management System (CIMS) will help release information onto the market in a rapid and accurate way. The new software system helps minimize mistakes and administrative procedures, which is useful for data search of listed firms in the local stock market.

The system installment is to enhance the quality of information provided and shorten the time of information announcement at related businesses. It also targets to totally automate the information announcement process among HNX members.

Via CIMS, listed enterprises are able to actively report and publicize information to the bourse regulator. Every corporate member will be given one account to access the system as well as automatically update its own information.

Up to 355 out of a total 397 listed companies on the northern bourse have been trained to use CIMS, while 260 entities have registered to use the new system.

In the coming time, HNX plans to apply a new stock trading software version with the handling capacity 20 times higher than the current system. The new software is set for test run at member securities companies at the end of the next quarter and for official deployment in this year’s last quarter.

Source: VNS