Patsystems said that VNE will utilize its complete exchange solutions when it launches early next year, which include trade matching engine, clearing and settlement platform, pre-trade risk management module and the front-end execution platform.
According to the Patsystems, the exchange solution will facilitate the integration of electronic trading between domestic producers and traders, and provide access to international customers interested in Vietnam’s commodity markets.
Initially, VNE will trade in some of the country’s biggest exports like steel, rubber, and coffee. The exchange will also provide an additional financial tool for producers and traders to protect themselves against price fluctuation risks.
VNE CEO Nguyen Duy Phuong said the launch of the VNE is an important milestone for Vietnam as it provides a new investment channel in Vietnam’s commodity markets.
Patsystems regional director of Asia Pacific Barry White said that Patsystems’ scalable technology from easily deployable front-ends to open interfaces on the back-end will allow for seamless access to the exchange.
