1. Research statement
This research will investigate the similarities and differences between Ho Chi Minh City Stock Exchange (HSX) and The New York Stock Exchange (NYSE), in terms of their operations and trading systems, in order to assess what HSX could learn from the NYSE’s standards, so that recommendations can be made to HSX.
2. Research questions
2.1 Research question 1: What is the historical development of Vietnamese and American Stock Markets?
There are three types of information sources used in this research project: primary sources, secondary sources and social commentary sources.
Primary sources
Primary sources are the sources that consist of the first-hand or original information and experience of the authors. The information …show more content…
Furthermore, there also lots of useful information such as organizational model of Vietnamese stock exchange, regulatory bodies and model. The vision of HSX is also indicated by the source, which is to industrialize and modernize the country, maintain stable economic growth and restructure the economy to enhance its efficiency and competition. As a result, this source help researcher recognize the urgent demand of building securities market in Vietnam to develop and maintain efficiently the economy of Vietnam.
Secondary source
Hasbrouck, J., Sofianos, G., & Sosebee, D. (1993). New York stock exchange systems and trading procedures.
This paper provides clearly the operations and trading systems of the NYSE. Specifically, this paper contains information about order entry and execution, trade and quote reporting, the audit trail, the Inter market trading system, crossing orders and the upstairs positioning of large block trades. Furthermore, the descriptions of the changes in NYSE trading systems and regulations are also illustrated. In conclusion, this source gives a full description of the operations and trading systems of the NYSE.
Social commentary source
Whickson, P, J. (2016). How does the New York Stock Exchange work? Retrieved on May 9, 2016 from http://www.ehow.com/how-does_4777672_new-york-stock-exchange-work.html …show more content…
Specifically, the purpose of this is to spur investment inflows and reduce market volatility. NYSE, however, is an open stock market that attracts a large foreign investors. As a result, the difference between these activities also affects the effectiveness of each stock exchange. Furthermore, the papers also indicate information about the privatisation in Vietnam which can provide promising candidates for the stock market can by no means replace the well-established institutions. The disclosure requirements imposed on some companies are comprehensive, which can make lots of threats to the minority
This research will investigate the similarities and differences between Ho Chi Minh City Stock Exchange (HSX) and The New York Stock Exchange (NYSE), in terms of their operations and trading systems, in order to assess what HSX could learn from the NYSE’s standards, so that recommendations can be made to HSX.
2. Research questions
2.1 Research question 1: What is the historical development of Vietnamese and American Stock Markets?
There are three types of information sources used in this research project: primary sources, secondary sources and social commentary sources.
Primary sources
Primary sources are the sources that consist of the first-hand or original information and experience of the authors. The information …show more content…
Furthermore, there also lots of useful information such as organizational model of Vietnamese stock exchange, regulatory bodies and model. The vision of HSX is also indicated by the source, which is to industrialize and modernize the country, maintain stable economic growth and restructure the economy to enhance its efficiency and competition. As a result, this source help researcher recognize the urgent demand of building securities market in Vietnam to develop and maintain efficiently the economy of Vietnam.
Secondary source
Hasbrouck, J., Sofianos, G., & Sosebee, D. (1993). New York stock exchange systems and trading procedures.
This paper provides clearly the operations and trading systems of the NYSE. Specifically, this paper contains information about order entry and execution, trade and quote reporting, the audit trail, the Inter market trading system, crossing orders and the upstairs positioning of large block trades. Furthermore, the descriptions of the changes in NYSE trading systems and regulations are also illustrated. In conclusion, this source gives a full description of the operations and trading systems of the NYSE.
Social commentary source
Whickson, P, J. (2016). How does the New York Stock Exchange work? Retrieved on May 9, 2016 from http://www.ehow.com/how-does_4777672_new-york-stock-exchange-work.html …show more content…
Specifically, the purpose of this is to spur investment inflows and reduce market volatility. NYSE, however, is an open stock market that attracts a large foreign investors. As a result, the difference between these activities also affects the effectiveness of each stock exchange. Furthermore, the papers also indicate information about the privatisation in Vietnam which can provide promising candidates for the stock market can by no means replace the well-established institutions. The disclosure requirements imposed on some companies are comprehensive, which can make lots of threats to the minority