PSE Announces Successful First Day Trading Under PSEtrade XTS
(Thomson Reuters ONE) -
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(at)pse.com.ph
+632 688-7583
NASDAQ Media Contact:
Ryan Wells
ryan.wells(at)nasdaq.com
+1 (212) 231-5541 (office)
+1 (646) 581-4286 (mobile)
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) 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]
Unternehmensinformation / Kurzprofil:
Datum: 22.06.2015 - 09:36 Uhr
Sprache: Deutsch
News-ID 401957
Anzahl Zeichen: 4777
contact information:
Town:
New York
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 210 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"PSE Announces Successful First Day Trading Under PSEtrade XTS"
steht unter der journalistisch-redaktionellen Verantwortung von
The NASDAQ OMX Group, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
