PSE's New Trading Engine to Go Live in November, Boosting Market Modernization

MANILA, Philippines — The Philippine Stock Exchange (PSE)’s new trading engine is set to go live by November as part of a broader effort to modernize and improve the local stock market. The PSE has invested P241.03 million for the new trading engine and another P45.83 million for its back office. The PSE is upgrading its trading engine to ensure that the infrastructure is in place for efficient, expanded trading. In terms of capacity and capabilities, the new trading engine is more than equipped to handle the potential growth in transactions of the local market. The system can facilitate five million orders and 450,000 trades and run an 11-hour trading session. Further, it has the capacity for a maximum of 10,000 securities, 15 million client trading accounts, 1,000 brokers and 1,200 market data connections. In May last year, the PSE announced the official execution of an agreement to adopt Nasdaq Eqlipse, a strategic move aimed at significantly enhancing its market infrastructure and integrating advanced technology in its new trading platform. The PSE’s adoption of Nasdaq Eqlipse Trading was part of a significant expansion of its technology partnership with Nasdaq. The transition is designed to future-proof the PSE’s current capabilities and facilitate the introduction of new financial instruments, such as derivatives. To promote greater market efficiency and liquidity, the trading platform is engineered to standardize order execution by implementing a single lot size. It likewise allows PSE to develop and launch new market data products, offering investors improved investment insights and enhancing market transparency.