PSE defers rollout of new trading system to allow need for further testing @InquirerBiz

 Statement: PSE defers roll out of new trading system

 May 30, 2015

The Philippine Stock Exchange, Inc. (PSE) deferred the roll out of its new trading system, the PSEtrade XTS. The Exchange originally scheduled the launch of the XTS platform on June 1, Monday.


The postponement was made to accommodate the Securities and Exchange Commission’s (SEC) need to further test the XTS system.


“While we are eager to use the new trading engine, we have to push back our start date to give way to the additional test requirements of the SEC. We are confident that we will get the Commission’s go signal very soon so we can proceed with the much awaited transition to XTS,” said PSE President and CEO Hans B. Sicat.


The deferment will not affect the regular trading schedule of the PSE.


The Exchange will announce the new launch date once it receives confirmation from the SEC.


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