Philippine Stock Exchange (PSE)

About the Philippine Stock Exchange :

The Philippine Stock exchange is the only existing stock exchange in the Philippines and is one of the largest in Southeast Asia. The PSE Composite Index (made up of 30 stocks) is the key indicator of share price movement in the market six sub indices: Financials Index, the Industrial Index, the Holding Firms index, the Property Indez, the Services Index, and the Mining & Oil Index.

The PSE is composed of two trading floors: one in Makati City; the other in Pasig City. Despite this, it is still capable of achieving one stock price and one Market Exchange through the MakTrade system. This single order book system warrants that a customer's order is matched with the best bid/offer, irrespective of which floor it was placed through. MakTrade facilitates the trading of securities through a broker to broker market with automatic order, trade routing, and confirmation.

The stock exchange corporation is overseen by a Board of Directors. It consists of 15 members elected annually by stockholders. Additionally, at least 51% of the members must always remain non-brokers as set out by the Securities Regulation Code. The remaining Board members are broker-directors who represent brokerage firms. The management of the Exchange is composed of the President/CEO and a few other professional managers who ensure that the policies and resolutions of the Board are carried out. They are also responsible for the daily activities and operations of the Exchange and that the public's investments and transactions are protected.