PSE, Nasdaq renew partnership with Eqlipse Trading
The Philippine Stock Exchange Inc. (PSE) on Monday announced the upgrade of its trading infrastructure to Nasdaq's most advanced platform Nasdaq Eqlipse Trading, as part of the expansion of the technology partnership between the two parties.
With Nasdaq Eqlipse Trading, the PSE will be able to incorporate complementary functionality including pre-trade risk, advanced options pricing, and index calculations. It will also have a flexible deployment model to reduce operational heavy lifting, and provide optionality around cloud adoption.
'With technology as a key area in our strategic agenda, it is important for PSE to work with a trusted service provider of market technologies. Given this, PSE opted to renew its partnership with Nasdaq to ensure continuity in offering a dependable trading system that meets all our current and future requirements,' PSE president and chief executive officer Ramon Monzon said in a statement.
The platform is the fourth generation of Nasdaq's multi-asset marketplace technology platforms, which are used by 97% of systemically important banks across the globe, half of the world's top 25 stock exchanges, 35 central banks and regulatory authorities, and over 3,800 clients across financial services.
'Our technology partnership with PSE will help strengthen its market infrastructure, and we're excited to support their efforts to elevate Philippine capital markets on the global stage,' Nasdaq Marketplace Technology head Magnus Haglind said.
'Our growing presence in the Philippines complements the country's extraordinary development as one of the fastest growing economies in the ASEAN region,' NASDAQ Asia Pacific senior vice president R.G. Manalac said. —AOL, GMA Integrated News
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