Latest Trading, forex, Immigration, Attorney  News

↑ Grab this Headline Animator

Visit Our New Website Click On Image 

PSE plans for future growth with NYSE platform

Asian trading venue the Philippine Stock Exchange (PSE) has migrated to NYSE Technologies’ NSC V900 trading platform, in anticipation of a rise in overseas investment levels. The move allows the PSE to handle larger trading volumes and process trades 10 times faster than previously.
NYSE Technologies, the commercial technology division of global exchange provider NYSE Euronext, launched NSC V900 in July 2010.
“In today’s increasingly competitive exchange industry, cutting-edge and high performance technology is a key differentiator for continued volume growth and product innovation,” said PSE president and CEO Val Antonio Suarez. “The migration of PSE to the NSC V900 trading system complements our business strategy to further increase liquidity in our capital markets and introduce new investment products.”
The firm is also providing the underlying technology infrastructure that will be used to link the exchanges of six members of the Association of Southeast Asian Nations (ASEAN). Under the initiative, Indonesia, Malaysia, the Philippines, Thailand, Vietnam and Singapore have agreed to link their exchanges electronically to facilitate cross-border order trading of orders by exchange members.
The PSE currently trades 250 listed firms and has 132 active participants, reporting an annual growth rate of 35.1% in the 12 months up to 27 September 2010.


Post a Comment