The Philippine Stock exchange is the only existing stock exchange in the Philippines and is one of the largest in Southeast Asia. The PSE Composite Index (made up of 30 stocks) is the key indicator of share price movement in the market six sub indices: Financials Index, the Industrial Index, the Holding Firms index, the Property Indez, the Services Index, and the Mining & Oil Index.
The PSE is composed of two trading floors: one in Makati City; the other in Pasig City. Despite this, it is still capable of achieving one stock price and one Market Exchange through the MakTrade system. This single order book system warrants that a customer's order is matched with the best bid/offer, irrespective of which floor it was placed through. MakTrade facilitates the trading of securities through a broker to broker market with automatic order, trade routing, and confirmation.
Thursday, September 17, 2009
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