PSE starts trading in new headquarters

ABS-CBN News

Posted at Feb 19 2018 10:14 AM | Updated as of Feb 19 2018 11:57 AM

MANILA – The Philippine Stock Exchange began trading at its new headquarters on Monday, uniting two groups of traders for the first time under one sun-lit floor.

Two bells were rung to signal the start of trading, one for the Ayala bourse and the other, for the Ortigas exchange.

“Now, we share one trading floor. What better place to witness this unification and to pursue our aspiration to become a world class exchange than here at world-class Bonifacio Global City, one of the most modern and progressive places in the country,” PSE Chairman Jose Pardo said before the opening bell.

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The new trading floor has predominantly white interiors, illuminated by sunlight from glass walls. Monitors that curve around the building display stock prices.

The Ayala trading floor in Makati City was an enclosed space with mainly wood interiors and had a giant black board with red and green lights to display share prices.

The PSE Index was down 0.68 percent to 8,553.84 in early trading.