The Philippine Stock Exchange (PSE) and Nasdaq have announced an expansion of their technology partnership.
Ramon Monzon
Specifically, PSE is set to upgrade its trading infrastructure to Nasdaq Eqlipse Trading.
The trading platform allows market operators to incorporate functionalities including: pre-trade risk, advanced options pricing, and index calculations.
It also has a flexible deployment model which helps reduce operational heavy lifting, according to the firm, whilst also providing cloud adoption options.
“With technology as a key area in our strategic agenda, it is important for PSE to work with a trusted service provider of market technologies. Given this, PSE opted to renew its partnership with Nasdaq to ensure continuity in offering a dependable trading system that meets all our current and future requirements,” said Ramon Monzon, president and chief executive of PSE.
So far in the Philippines, Nasdaq’s AxiomSL data and regulatory reporting platform its Calypso offering are in operation. The former helps domestic and global institutions comply with regulatory obligations, and the latter facilitates the simplification of their capital market operations.
Magnus Haglind, head of marketplace technology at Nasdaq, said: “The launch of Nasdaq Eqlipse following years of investment and development to reinforce our ability to enhance liquidity, transparency and integrity across global capital markets.
“Our technology partnership with PSE will help strengthen its market infrastructure, and we’re excited to support their efforts to elevate Philippine capital markets on the global stage.”