What is the Philippine Stock Exchange?
The Philippine Exchange is the main national financial exchange in the Philippines. It is one of the newer stock exchanges in the global community of financial institutions, but its origin returns to national stock exchanges that have existed for many decades. The Philippine Exchange acts as an important regional exchange and as a primary exchange of its kind in the country.
The Philippine Exchange is derived from two original exchanges, Manila Exchange and Makati Exchange. The exchange of Manila was founded in the 1920s, and the exchange was founded several decades later. Only in 1992 both of these markets merged and created PSE.
In an interesting setting resulting from the merger of two national stock exchanges, the Philippine Stock Exchange still operates two different trading floors in the cities Makati and Pasig. Both floors are carefully coordinated using the computer system "One Market", which checks all Andes' stores to clean them for accuracy, allowing a kind of "remote trading" approach that neatly correspondsence online trading 21st century.
It is interesting that the Philippine Exchange is a publicly traded society according to its own internal resources. This stock exchange has a number of divisions and associated services, including a central deposit for clearing shops. The Filipin Stock Exchange website reveals the details of the stock exchange hours and the definition of its financial products. Investors can trade in PSE shares, along with more exotic and significantly national products such as the Philippine Treasury Bonds. PSE shares are commonly divided into "sectors" that may be interested in different individual investors.
As one of the main exchanges in Asia, PSE is a good example of a modernized national stock market that helps contribute to all dynamic new financial activities that take place every day around the world. With online trading and related technology are global markets now totied more tightly. Having modern national stock exchanges helps to allow smoother money communication between national markets, as if exchanges themselves were a new medium for international trade. PSE boasts incorporation into regional exchanges, such as the Federation of Asian and Ocean Stock Exchanges, which help further streamline correlations between markets in different areas or nations.