Philippine Bourse Embraces Mobility
PSETradex will allow brokers to offer their clients the ability to monitor their portfolios, execute trades and manage their order status through mobile phones, in an online environment. Trading in the southeast-Asian state is still conducted primarily through voice, on a bilateral basis, and participation by the country's roughly 93 million inhabitants is sparse, averaging around one percent.
"We are pleased to inform our trading participants that they can now sign up for the PSETradex which they can offer to their clients," says Hans Sicat, CEO at the PSE. "We are excited about this new service which we believe will further expand brokers' reach to investors and boost activity in the stock market in a significant way. Having this system in place for the investors will allow them to enter and monitor their orders online. The system is designed to also let investors trade using their mobile phones and tablets."
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