The Philippine Stock Exchange is a major national financial exchange that operates two trading floors in Makati and Pasig, with a computerized system coordinating trades. It was formed in 1992 from the merger of the Manila and Makati stock exchanges and offers a range of financial products, including shares and Philippine Treasuries. As one of Asia’s leading stock exchanges, it contributes to the global financial market and is included in regional federations of stock exchanges.
The Philippine Stock Exchange is a major national financial exchange in the Philippines. It is one of the newer stock exchanges in the global community of financial institutions, but its origins can be traced back to national exchanges that have existed for many decades. The Philippine Stock Exchange functions as both a major regional exchange and the main such exchange within the country.
The Philippine Stock Exchange is derived from two original exchanges, the Manila Stock Exchange and the Makati Stock Exchange. The Manila exchange was founded in the 1920s, and the Makati exchange was founded several decades later. It was not until 1992 that both markets merged to form the PSE.
In an interesting setup resulting from the merger of the two national exchanges, the Philippine Stock Exchange still operates two different trading floors in the cities of Makati and Pasig. The two floors are carefully coordinated using a computerized “one market” system that checks all trades and clears them for accuracy, allowing for a kind of “remote trading” approach that fits perfectly with the idea of online trading. of the 21st century.
Interestingly, the Philippine Stock Exchange is itself a publicly traded company, according to its own internal resources. This exchange has a number of affiliated divisions and services including a central repository for clearing trades. The Philippine Stock Exchange website reveals details of the exchange’s hours of operation, as well as definitions of its financial products. Investors can trade shares in the PSE, along with more exotic and distinctly domestic products such as Philippine Treasuries. Stocks in the PSE are commonly divided into “sectors” that may respectively interest different individual investors.
As one of Asia’s leading stock exchanges, the PSE represents a good example of a modernized national stock market that helps contribute to all the dynamic new financial activities that occur every day around the world. With online trading and related technology, global markets are now more closely linked to each other. Having modern national exchanges helps allow for more seamless communication of money between national markets, as if the exchanges were themselves a new medium for international trade. The PSE counts on inclusion in regional federations of stock exchanges, such as the Federation of Asia-Oceania Stock Exchanges, which help to further streamline correlations between individual markets in different areas or nations.
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