Vietnam's StoxPlus to start new market information service
Vietnamese financial information company StoxPlus will begin providing financial institutions with stock data and other information needed for market analysis at the end of the month.
The company has developed the FiinPro platform that shows stock prices in real time and filters individual stocks based on user-inputted parameters, in collaboration with Nikkei group company QUICK. The service will be available in Vietnamese and English. StoxPlus has a database of financial information on 800 listed and 1,200 unlisted Vietnamese companies.
Last September, Nikkei Inc. and QUICK formed a capital tie-up with StoxPlus, and the two Japanese companies now own a combined 35% of its outstanding shares. With trading by institutional investors and securities brokerages seen increasing in the Vietnamese stock market, the partners foresee growing demand for support services.
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