PSE Announces Successful First Day Trading Under PSEtrade XTS
June 22 2015 - 3:36AM
NEW YORK and MANILA,
Philippines, June 22, 2015 (GLOBE NEWSWIRE) -- The Philippine Stock
Exchange, Inc. (PSE) and Nasdaq (Nasdaq:NDAQ) announced today that
PSE had a successful migration to the PSEtrade XTS trading system, powered
by Nasdaq's X-stream Trading technology.
PSE President and CEO Hans B. Sicat said, "We are pleased with the
outcome of the first day of trading under the PSEtrade XTS. The shift to this trading engine is a
milestone for the Exchange especially as we work on fortifying our
technology platforms in line with our vision to be a premiere
exchange with world-class standards. We know that with Nasdaq's
technology expertise and experience, the PSE is assured of
long-term support."
Nasdaq President Adena Friedman said, "We are thrilled to see the
successful go-live of PSE's new trading system. The Philippines is
an important, growing market for Nasdaq, one that demands robust,
scalable technology to meet international standards and attract
both regional and overseas capital. We are honored to support PSE's
goals and future development."
The XTS trading system is equipped to handle big trading volumes
and is capable of supporting the requirements of the PSE moving
forward, including products and services that it plans to launch.
It also has risk management features including same-day recovery in
case the disaster recovery site is utilized.
On launch date, the PSEtrade XTS Project Team
composed of the Market Operations and Technology Divisions of the
Exchange and Nasdaq executives extended full support to the traders
on the Ayala and Tektite trading floors.
The PSE is only one of two exchanges globally, among bourses that
are members of the World Federation of Exchanges, to post six
consecutive years of gains, from 2009 to 2014.
About The Philippine Stock Exchange, Inc.
(PSE)
The Philippine Stock Exchange (PSE) is a self-regulatory
organization that provides and ensures a fair, efficient,
transparent and orderly market for the buying and selling of
securities in the Philippines. It was named the Best Stock Exchange
in Southeast Asia for 2013 by the Marquee Awards given by
institutional investment magazine Alpha Southeast Asia. In
December 2003, the PSE listed its shares by way of introduction to
become the second exchange in Southeast Asia to become a publicly
listed exchange. The PSE also provides clearing and settlement
services through its wholly owned subsidiary, the Securities and
Clearing Corporation of the Philippines. As of end-May 2015,
the PSE has 132 active stockbrokers or trading participants.
Securities traded at the PSE include 263 listed companies, exchange
traded funds, and warrants.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing,
exchange technology, listing, information and public company
services across six continents. Through its diverse portfolio of
solutions, Nasdaq enables customers to plan, optimize and execute
their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global
capital markets. As the creator of the world's first electronic
stock market, its technology powers more than 70 marketplaces in 50
countries, and 1 in 10 of the world's securities transactions.
Nasdaq is home to more than 3,500 listed companies with a market
value of approximately $9.5 trillion and more than 10,000 corporate
clients. To learn more, visit: nasdaq.com/ambition or
business.nasdaq.com.
NDAQG
CONTACT: The Philippine Stock Exchange, Inc. Media Contact:
Martha H. Vinzons
mhvinzons@pse.com.ph
+632 688-7583
NASDAQ Media Contact:
Ryan Wells
ryan.wells@nasdaq.com
+1 (212) 231-5541 (office)
+1 (646) 581-4286 (mobile)
|
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: The NASDAQ OMX Group, Inc. via Globenewswire
HUG#1929972
Nasdaq (NASDAQ:NDAQ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Nasdaq (NASDAQ:NDAQ)
Historical Stock Chart
From Apr 2023 to Apr 2024