The new system, PSEtrade XTS, is developed by NASDAQ and will replace the current PSEtrade platform which was provided by NYSE Euronext Technologies SAS and has been used since 2010.
Aside from the capability to handle more volume, the new system is also more user-friendly.
The use of the new trading system does not require any additional fees from investors and other stakeholders.
NASDAQ’s trading technology is also used by ASEAN Exchanges like Bursa Malaysia, Singapore Exchange, and the Indonesia Stock Exchange.
The new system's launch was earlier scheduled for June 1 but was delayed after the Securities and Exchange Commission’s requested for more time to test a surveillance system connected to the Tradex. -- Report from Michelle Ong, ANC
source: www.abs-cbnnews.com
