PSE launches new trading platform
MANILA, Philippines - The Philippine Stock Exchange rolled out its new online trading platform as it aims to boost online investments.
In a disclosure published on Monday, April 1, the bourse announced that it has successfully completed test runs for its new PSETradex online trading system, which target brokers.
"We are pleased to inform our trading participants that they can now sign up for the PSETradex which they can offer to their clients. We are excited about this new service which we believe will further expand brokers' reach to investors and boost activity in the stock market in a significant way," said PSE president and CEO Hans B. Sicat said in a statement.
"Having this system in place for the investors will allow them to enter and monitor their orders online. The system is designed to also let investors trade using their mobile phones and tablets."
PSETradex enables traders to manage stock portfolios and gather relevant market information online. The web-based system also has a mobile app version that allows investors to trade stocks through smartphones and tablets. The number of online investors in the stock market grew by 42% annually over the past 5 years.
The PSE tapped Malaysian trading solutions firm N2N Connect Berhad as a service provider. Maybank-ATR Kim Eng Securities, Inc. is in talks with the bourse to become one of the first brokerage firms to use the system. - Rappler.com
In these changing times, courage and clarity become even more important.
Take discussions to the next level with Rappler PLUS — your platform for deeper insights, closer collaboration, and meaningful action.
Sign up today and access exclusive content, events, and workshops curated especially for those who crave clarity and collaboration in an intelligent, action-oriented community.
As an added bonus, we’re also giving a free 1-year Booky Prime membership for the next 200 subscribers.
You can also support Rappler without a PLUS membership. Help us stay free and independent by making a donation: https://www.rappler.com/crowdfunding. Every contribution counts.