Corporate News

PSE to launch new trading system on schedule

Posted on December 12, 2014

THE PHILIPPINE Stock Exchange (PSE) expects to launch its new trading system PSEtrade XTS on schedule in May next year, its chief said yesterday.

The new system is powered by NASDAQ OSM and covers trading, clearing, central securities depository, and market surveillance systems.

“We are proceeding with the implementation of the new trading system according to schedule. We are hopeful that given the series of tests conducted in the past months, the beta testing will proceed smoothly,” PSE President and Chief Executive Office Hans B. Sicat said in the statement.

The PSE said the beta testing is done in preparation for the system certification in January next year.

System certification ensures that third-party order management systems used by trading participants are ready for the migration and are in compliance with the PSE’s requirements.

“Unless there are other subsequent customization that may be required by the PSE, the beta test environment shall already serve as the final version of the PSE trading system that is scheduled to be launched in May 2015,” the statement read.

X-stream will replace a trading platform in place since July 2010, PSETrade NSC, which was developed by NYSE Euronext Technology SAS. -- Daphne J. Magturo