The Philippine Stock Exchange on Monday inaugurated the new PSE Events Hall where future celebrations such as initial public offering (IPO) listing may be held.

The converted events hall was the former trading floor which was closed last year as the PSE shifted to remote or digital trading.

Desks of traders have been removed and the carpet-like gray flooring has become wood-like. The stock ticker screens which envelop the walls of the trading floor remain unchanged, however, the large screen hanging in the middle of the room has been removed. Instead, a big market data board has been installed to show all stock information.

Finance Secretary Benjamin Diokno, Bangko Sentral ng Pilipinas Gov. Felipe Medalla, Securities and Exchange Commission Chair Emilio Aquino and PSE President Ramon Monzon were among those present during the event.

"We are one in our desire to see the local capital market catch up with its peers in the region. We all understand the urgent need for new products and for active regulations to improve liquidity in the stock market,” said Monzon.

Ayala Corporation held its listing ceremony for the reissuance of its Class A Preferred Shares Follow-On Offering on the newly minted PSE events hall. Ayala Corporation President and CEO Cezar Consing and the Special Adviser to the Board Fernando Zobel de Ayala were also present

• 'Technology finally prevailed': PSE shuts trading floor as brokers shift to remote sites
• PSE permanently closes trading floor
• 'Floorless trading': PSE to shut trading floor from June 24 as brokers adapt to new normal

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