The Philippine Stock Exchange (PSE) will shift to “floorless trading” as it migrates to digital trading from next Monday, the bourse said recently.
The PSE hosted a bell-ringing ceremony to mark its closing of the trading floor. PSE president and chief executive officer Ramon Monzon said the local bourse’s 64-year history of having a trading floor draws to a close.
At the ceremony, Monzon announced that traders will conduct activities offsite instead of in their trading booths.
“The PSE may be among the few exchanges to have retained a trading floor to this day, but in the end, technology finally prevailed,” Monzon said..— Xinhua
