PSE seeks change to trading rules


Posted at Oct 17 2017 12:04 PM

MANILA - The Philippine Stock Exchange proposed amendments to its trading rules, to allow the bourse to remain open even when the Bangko Sentral ng Pilipinas or Philippine Clearing House operations are suspended.

The PSE sought comments from investors on the proposed change in a memorandum released on the first trading day of the week. Trading was suspended on Monday due to a nationwide transport strike.

Under present rules, days when the Bangko Sentral is closed is considered a "non-trading day."

"The exchange recognizes the global market dynamics in operating the country’s sole stock market. As such, it is important for the exchange to have the ability to allow investors to trade in
the market and minimize situations where trading is suspended unexpectedly," according to the memo.