Philippine Stock Exchanges

The two stock exchanges in the Philippines are the Philippine Dealing Exchange and the Philippine Stock Exchange. The Philippine Stock Exchange is the primary stock exchange in the Philippines. The Philippine Stock Exchange is one of the most important stock exchanges in Southeast Asia. The Philippine Stock Exchange is also the longest running stock exchange being the first one opened in 1927. At the end of the 2007-year The Philippine Stock Exchange had $103 billion dollars in combined market capitalization with 244 listed companies.

The Philippine Stock Exchange has a trading floor in Makati, and another in its headquarters in Pasig City. The Philippine Stock Exchange has a board of 15 and is chaired by Jose Vitug, the former Supreme Court Justice. He is an independent director elected for the 4^th time in 2008. Frances Lim, the president was elected for the 5^th time.

The Philippine Stock Exchange has one of the shortest operation hours in Asia. The Philippine Stock Exchange only trades from 9:30AM to 12:30PM, but is expected to add an additional two hours in the afternoon. The Philippine Stock Exchange is the combination of the Manila Stock Exchange, which was founded in 1927 and the Makati Stock Exchange established in 1963. Though these two stock exchanges traded the same stocks they were bourses until 1992, when they became the one Philippine Stock Exchange.

The Philippine Securities and Exchange Commission granted the Philippine Stock Exchange, a self-regulatory body in 1998. By 2001 the Philippine Stock Exchange was changed into a fledging profit making corporation whereas before that it was a nonprofit organization. The Philippine Stock Exchange started by offering the trading of stock and now offers debt securities and other new fields.

In 1994, the Philippine Stock Exchange had computerized opening and closing shares prices however, the orders were still listed on the old books. In 1995 both systems were united under their computer system, know as the "Unified Trading System" By 2001, stock brokers had the ability to trade bonds using the same system. The PSE-RoSS Interface System, that allows stock brokers access to the Philippine Bureau of The Treasury's Register of Scripless Securities was opened in 2001 as well.

Investment Philippines said:

for more tips and information about Philippine stocks, visit: [url]www.investmentphilippines.com[/url]

said:

for more tips and information about Philippine stocks, visit: www.investmentphilippines.com