The Philippine Stock Exchange Inc is migrating on Monday to a new trading system powered by the NASDAQ OMX Group Inc, BusinessWorld reported, citing a statement. Originally scheduled to go live on June 1, the launch date of the new trading engine PSEtrade XTS was pushed back to accommodate additional tests required by the Securities and Exchange Commission. (bit.ly/1It8hQ2) NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Manila newsroom; Editing by Subhranshu Sahu)
The Philippines Stock Exchange goes live with a new trading system today, which is being powered by NASDAQ OMX Group. This will be the first time that Philippine stocks are listed on an exchange outside of Asia.