The Philippine Stock Exchange, Inc. (PSE) has removed inactive trading participants as it works on complying with the single-industry cap on exchange ownership.

In a statement issued Wednesday, Feb. 28, the PSE said it has revoked the status of inactive trading participants who also hold about 2.34% of the total outstanding capital stock in the company. The bourse operator has also declared as vacant the trading rights of the dormant brokers. — Arra B. Francia