On August 12, 2014, after a period of researching the FLEX core securities software system, Phu Hung Securities Corporation (PHS) and Financial Software Solutions Joint Stock Company (FSS) officially held a signing ceremony for the implementation of the FLEX core securities software project at PHS Headquarters, located at 801 Nguyen Van Linh Street, Tan Phu Ward, District 7, Ho Chi Minh City.
After more than one year of implementing its new business strategy, PHS had achieved remarkable results, most notably with its profit in the first six months of 2014 exceeding five times the company’s full-year target. As the next step in strengthening its position in the securities industry, PHS decided to invest in a modern technology platform by introducing advanced technological solutions to support trading activities and provide customers with a wider range of services and the latest utilities.
With a commitment to top-quality standards, PHS selected FSS as its strategic partner for the development of the new trading software project. FSS is one of Vietnam’s leading software companies and has achieved significant success in developing trading systems for major securities firms. After a comprehensive process of evaluating the software’s features, quality, and ability to meet PHS’s operational requirements, both parties agreed to implement the FLEX core securities software project.
With the new applications powered by the FLEX system, PHS is proud to offer customers a comprehensive technology solution. The new software will feature fully automated functionalities, enabling investors to proactively and efficiently manage their investment activities. The system’s flexible features will maximize convenience for investors throughout the trading and service usage process, while also supporting risk management and ensuring absolute security of transaction information. In addition, the FLEX trading system will be available in three languages — Vietnamese, English, and Chinese — to meet the needs of customers from various nationalities.
The integrated and synchronized system covering all areas including trading, custody, accounting, brokerage management, and especially risk management, will enable PHS to respond more effectively to securities market risks, protect investors’ assets, and comply with current legal regulations. It can be said that the version jointly researched and developed by PHS and FSS is currently the most advanced version of FSS’s solutions available on the market.
The implementation of this new trading software system demonstrates PHS’s long-term commitment and confidence in the prospects of Vietnam’s securities market. PHS remains determined to deliver the best utilities and service quality to its customers, while also enhancing its competitiveness and brand position in the market.
