Philippine Stock Exchange shifts to “floorless trading”

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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

 

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