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Philippines To Join Regional SE Platform

The Securities and Exchange Commission has allowed the participation of the Philippine Stock Exchange in a South-east Asian cross-border trading platform.

The Securities and Exchange Commission has allowed the participation of the Philippine Stock Exchange (PSE) in a South-east Asian cross-border trading platform, Inquirer.net reports. The approval will permit regional trading of Philippine stocks as well as the entry of foreign-issued stocks into the local market.

The PSE, Bursa Malaysia, Singapore Exchange and the Stock Exchange of Thailand will electronically interconnect the participating markets and facilitate cross-border trading. Initially, chosen stocks representing each market’s 30 biggest and most liquid issues will be brought for cross-border trading on the basis of the emerging framework for Asian trading.

Click here for the story from Inquirer.net.

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