New PSE trading engine goes live by November
The Philippine Stock Exchange (PSE) is set to launch a new trading engine powered by Nasdaq Eqlipse this November. The upgrade aims to modernize market infrastructure, increase transaction capacity, and support new financial instruments like derivatives.
Why it matters
Modernizing the trading platform is a critical step for the PSE to improve market efficiency, transparency, and competitiveness in the regional financial sector.
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.
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