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Philippine Stock Exchange
Transcript of Philippine Stock Exchange
Philippine Stock Exchange
The Philippine Stock Exchange, Inc. (PSE or Exchange) is a private non-profit and non-stock organization created to provide and maintain a fair, efficient, transparent and orderly market for the purchase and sale of securities such as stocks, warrants, bonds, options and others.
The Philippine Stock Exchange was formed from the country’s two former stock exchanges, the Manila Stock Exchange (MSE), established on August 8, 1927 by five businessmen, namely, W. Eric Little, Gordon W. Mackay, John J. Russell, Frank W. Wakefield and W.P.G. Elliot., and the Makati Stock Exchange (MkSE), which was established on May 27, 1963.
In 1940 The MSE suspended operations during the Japanese Occupation. The SEC was also abolished by the Philippine Executive Commission and later reactivated in 1945. And in year 1946 The MSE resumed trading operations. Although both the MSE and the MkSE traded the same stocks of the same companies, the bourses were separate stock exchanges for nearly 30 years until December 23, 1992, when both exchanges were unified to become the present-day Philippine Stock Exchange.
The Philippine Stock Exchange has made improvements in its goal to become a premiere exchange. It became a member of the Association of National Numbering Agencies in 1995.
In June 1998, the Securities and Exchange Commission (SEC) granted the PSE a "Self-Regulatory Organization" (SRO) status, which meant that the bourse can implement its own rules and establish penalties on erring trading participants (TPs) and listed companies. Also In 1998, the Securities and Exchange Commission made the Philippine Stock Exchange a self-regulatory organization, which allows it to create its own rules and impose penalties on members.
In 2001, one year after the enactment of the Securities Regulation Code, the PSE was transformed from a non-profit, non-stock, member-governed organization into a shareholder-based, revenue-earning corporation headed by a president and a board of directors. The PSE eventually listed its own shares on the exchange (traded under the ticker symbol PSE) by way of introduction on December 15, 2003.
In 2005 The PSE implemented the Online Disclosure System or the ODiSy, providing 24/7 online system access for the submission and announcement of all types of disclosures.
In 2007 The Exchange acquired the Advanced Warning and Control System, a state-of-the-art computerized surveillance system designed to further enhance the integrity of the stock market.
In 2012 The Exchange implemented whole day trading on the first trading day of the year. Trading starts at 9:30AM with a recess at 12:00NN-1:30PM, and continues until the close at 3:30 PM. This is part of the Exchange's efforts to increase liquidity in the market and also align our trading session with that of the Asian markets, at the very least.
In Capital market it plays an important role in mobilizing resources, and diverting them in productive channels. In this way, it facilitates and promotes the process of economic growth in the country.
The capital market functions as a link between savers and investors. It plays an important role in mobilizing the savings and diverting them in productive investment. In this way, capital market plays a vital role in transferring the financial resources from surplus and wasteful areas to deficit and productive areas, thus increasing the productivity and prosperity of the country. In such sense, without PSE, capital market will not function in the Philippines since it is the gateway, and the pace where investors and savers meet and transact.
It consolidates and updates all companies that aspire to raise capitals by bringing in new securities. It lists all these enterprises and their respective shares. It also records each of their finances, growth of funds, expansion and development of new jobs.
A premier exchange with world-class standards for trading securities and raising capital that serves as a strong engine for a robust economy.
• Offer products and services responsive to the needs of investors and other stakeholders.
• Provide a facility for fair, accurate, complete and timely information about listed companies, while extending market education and awareness programs to investors.
• Be a preferred venue for raising capital.
• Practice and promote good governance within the Exchange and among listed companies and trading participants.
• Operate efficiently to optimize shareholder value.
• Adopt world-class systems and global best practices for an efficient, fair and orderly market.
• Develop a highly motivated and professional workforce, committed to serve and excel.
• Teamwork in working towards a common and favorable goal for the market.
• Mutual respect in relating with fellow employees.
• Inner strength in prioritizing the common good of the market instead of individual interest.
• Corporate responsibility in promoting market growth hand in hand with community welfare.
• Professionalism in delivering quality service and in meeting the highest standards of excellence.
• Integrity, transparency and accountability in implementing business programs and enforcing decisions.
Products and Services
• Exchange Traded Fund
• Securities Borrowing and Lending
• Real Estate Investment Trust
• Data Products
1. Choose a stockbroker. The PSE has a complete list of information about all its trading participants who are authorized and qualified to trade securities for you. This list is also available on the PSE's website and the telephone directory's Government and Business listings yellow pages under the category of stock and bond brokers. It is then important that you trust your stockbroker and that you are satisfied with its services.
2. You shall be required to open an account and fill out a Customer Account Information Form and to submit identification papers for verification. The stockbroker will then assign a trader or agent to assist you in either buying or selling any listed security.
3. Give the order to your trader, and then ask for the confirmation receipt. Your buy or sell orders are relayed to the stockbroker's dealer for execution. In an automated system as in PSE, the order is keyed in through a trading terminal and automatically matched. Confirmation of done trades - via phone, email or online - is made as soon as possible and subsequently, an official confirmation or invoice should be delivered to you.
4. Pay before settlement date. The delivery or payment should be made before the settlement date of T+3. For traditional stockbrokers, settlement of transactions is usually done after three (3) working days from the transaction date. This means that for transactions done on Monday, as an illustration, payment should be received by Thursday
5. You shall receive from your broker either the proceeds of sale of your stocks (after 3 business days) or proofs of ownership of stocks you bought (confirmation receipt and invoice). If you wish to have a physical certificate of the stocks you bought, you can give instructions to your broker and pay the required upliftment fee.
Five businessmen formed the Manila Stock Exchange
Gordon W. Mackay
John J. Russell
Frank W. Wakefield
People behind Makati Stock Exchange
Robert Coyiuto, Jr.
Victor Say Hipek
Eduardo C. Lim
Juan B. Francisco
Cesar E.A. Virata
Mr. Hans B. Sicat
President and Chief Executive Officer
Mr. Roel A. Refran
Senior Vice President & Chief Operating Officer
Mr. J. Argel G. Astudillo
Vice President & Head of Governance, Risk & Compliance
Dakila B. Fonacier
Eddie T. Gobing
Amor C. Iliscupidez
Edgardo G. Lacson
BOARD OF DIRECTORS
Jose T. Pardo
Director - Chairman
Hans B. Sicat
Director- President- CEO
Emmanuel O. Bautista
Cornelio T. Peralta
Eusebio H. Tanco
Robert G. Vergara
Alejandro T. Yu
Anabelle L. Chua
David O. Chu
Ma. Vivian Yuchengco
Aissa V. Encarnacion
Omelita J. Tiangco
Philippine Stock Exchange Plaza
PSE Cebu Information Office
2/F Insular Life Cebu Business Centre,
Mindanao Avenue corner Biliran Road,
Cebu Business Park, Cebu City 6000
Telefax No.: (6332) 266-3464
Philippine Stock Exchange Plaza
Ayala Triangle, Ayala Avenue,
Makati City 1226
Tel. No.: (632) 819-4100
Fax No.: (632) 891-9004
E-mail Address: email@example.com
Web Site: http://www.pse.com.ph
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