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
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
GMA Network
8 hours ago
- GMA Network
Marcos: OFWs deserve 'full support'
President Ferdinand Marcos Jr. said on Saturday that overseas Filipino workers (OFWs) should receive "full support" from the government as he provided updates on initiatives aimed at improving their welfare. In his speech to the Filipino community in Osaka, Japan, Marcos stated that the government is making sure that opportunities are available to OFWs who choose to retire in the Philippines. ''Hangad din namin maging maayos ang inyong pagdating at pag-alis sa ating bansa. Kaya naman naglaan tayo ng OFW Lounge sa airport para may lugar kung saan puwedeng magpahinga,'' he said. ''Masigasig din ang ating pakikipag-ugnayan sa iba't ibang bansang tumatanggap ng ating manggagawa para makabuo ng bilateral labor agreement upang matiyak natin na ligtas at makatao ang trabaho, at nabibigyan ng pagkakataong umunlad ang ating mga kababayan.'' (We also want your arrival and departure from our country to be smooth. That is why we have provided an OFW Lounge at the airport so that you can have a place to rest. We are also actively engaging with various countries that receive our workers to craft bilateral labor agreements so that we can ensure that work is safe and humane and that our compatriots are given the opportunity to succeed.) Marcos also recognized the sacrifices of OFWs to provide for their families in the Philippines. ''And that is why we will never tire of honoring you and finding ways to improve your lives. You are at the heart of our government's efforts, and you deserve not only our gratitude but also our full support,'' he said. Filipinos in Japan can also play a role in building "even stronger connections in shared values for a mutually stable, secure, and prosperous relationship between our two countries," the President said. 'This is why I hope you will join me and the Philippine nation in helping our community here in Japan to grow even more in love with the Philippines, to learn and embrace fully your Filipino identity, and to support our nation's aspirations for unity, for peace, and for prosperity,' he said. Marcos is in Japan for a working visit, which includes meetings with local businessmen and a visit to the Philippine Pavilion at the World Expo 2025 in Osaka. He is expected to return to the Philippines on Sunday. — Jiselle Anne Casucian/VBL, GMA Integrated News
GMA Network
2 days ago
- GMA Network
Marcos meets with Japanese tourism sector
President Ferdinand ''Bongbong'' Marcos Jr. met with Japanese tourism partners on Friday as part of his working visit in Japan. In a meeting with tourism stakeholders, Marcos was given an overview of key interests and opportunities for Philippine tourism in Japan. The stakeholders represent important areas of tourism, including industry associations, travel and tour companies, airlines and airports. Those part of the meeting were the Japan Tourism Agency (JTA), Japan Association of Travel Agents (JATA) Kansai / JTB West Japan Area Representative, Japan Philippines Tourism Council (JPTC), Kansai Regional Division, HIS Co., Ltd., Nippon Travel Agency, Hankyu Travel International Co., Ltd., Kansai Airports, Philippine Airlines (PAL), and Cebu Pacific. According to Tourism Secretary Christina Frasco, Marcos highlighted his prioritization of tourism development through the help of infrastructure. She said the President mentioned the development of airports in the metro and in other regions. ''This was received very well by our Japanese stakeholders, especially considering that our data shows that Japanese travelers favor Cebu, Palawan, Boracay, Bohol, and are also very interested in other emerging island destinations across the country,'' she said. The President also gave his commitment as regards the Philippine government's continued prioritization of connectivity, Frasco said. Marcos also mentioned the Department of Tourism's Philippine Experience Heritage, Culture, and Arts Caravans. Meanwhile, Philippine Ambassador to Japan Mylene Garcia-Albano said Marcos wants to show his appreciation to all those who worked together in producing the Philippine Pavilion at the World Expo Osaka 2025. She also described relations between the Philippines and Japan as robust, with many sectors being active as a result of an exchange of high-level visits from both countries in recent months and years. — Anna Felicia Bajo/RSJ, GMA Integrated News
GMA Network
2 days ago
- GMA Network
PH grants Taiwan passport holders visa-free entry starting July 1, 2025
The Philippine government announced it is granting Taiwan passport holders a visa-free entry starting July 1, 2025. In a social media post, the Manila Economic and Cultural Office (MECO) said Taiwan passport holders may enter the country for tourism purposes 'without a visa for a non-extendible and non-convertible period of 14 days.' The following requirements need to be presented: -passport valid for at least six months -confirmed hotel accommodation/booking -proof of financial capacity -return ticket or onward ticket to the next country of destination For Taiwan passport holders intending to stay in the Philippines for more than 14 days or for purposes other than tourism, a visa shall be required with the following requirements: -duly accomplished and signed visa application form -passport valid for at least six months -Taiwan ID -proof of round -rip ticket reservation, if any -visa application fee 'For other visa categories such as applications for multiple-entry visa, crew-list visa, and long-term visa, the standard requirements and procedures shall remain applicable,' MECO said. Earlier, Taiwan extended the visa-free privilege for Filipinos, as well as citizens of Thailand and Brunei for one year or from August 1, 2025 to July 31, 2026. The current visa-free privilege policy enjoyed by Filipinos is supposed to end on July 31, 2025.—LDF, GMA Integrated News
