PSE starts trading at new home in BGC
Traders at the Philippine Stock Exchange (PSE) will finally be rid of any discrepancies between their separate trading floors as the PSE officially starts its trading week at its new home.
Located at the corner of 5th Avenue and 28th Street, the PSE Tower sees both the Ayala and Ortigas exchanges finally being merged into one.
FINAL BELL AT PSE AYALA. The bell is rung for the last time at PSE Ayala. In this photo: (from left to right) PSE Directors Wilson L. Sy, Amor C. Iliscupidez, Jesus Clint O. Aranas, Francis Chua and Vivian Yuchengo; Ayala Corporation Chairman and CEO Jaime Augusto Zobel de Ayala; PSE Chairman Jose T. Pardo; PSE President and CEO Ramon S. Monzon; PSE Directors Edgardo G. Lacson and Emmanuel O. Bautista./IMAGE Philippine Stock Exchange
“Now, we share one trading floor. What better place to witness this unification and to pursue our aspiration to become a world-class exchange than here at world-class Bonifacio Global City, one of the most modern and progressive places in the country,” said PSE Chairman Jose Pardo before both bells for PSE Ayala and PSE Tektite were rang to signal the beginning of the trading week at PSE BGC.
The unification was seen as more of a symbolic move, as both the Ayala and Ortigas exchanges have been unified long before they shared the same trading floor.
“As we move to our new office at the Bonifacio Global City, we shall embark on recording new history for the stock market and for our country,” Prado said during the closing bell ringing events at PSE Ayala and Tektite.
Prior to their merger in December 1992, the exchanges used to be called the Makati Stock Exchange (MKSE) and the Manila Stock Exchange (MSE). They traded the same set of stocks but had, at times, very different prices for the same company.
The new PSE trading floor is located at 6/F PSE Tower, 5th Ave. cor. 28th St., Bonifacio Global City, Taguig. They can now be reached via 02-876-4888.
Source: BusinessWorld, Philippine Stock Exchange, ABS-CBN News, Manila Times, BusinessMirror
Image source: PSE
