Saigon Securities Inc (SSI) has become one of the first securities firms in Vietnam to successfully provide direct FIX (financial information exchange) connections to both Bloomberg and Reuters routing networks.
SSI said it had obtained all the required certifications. With this new system, the firm’s institutional clients that are connected to tSTC two networks can streamline orders directly to the SSI.
“Orders will be authenticated and validated with minimal or no manual intervention before sending to the exchanges to ensure compliance, speed and efficiency while reducing risks,” the firm said in a press release.
In addition, the system will allow clients to amend or cancel orders by themselves and their order status will be automatically updated in real-time.