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Philippine Stock Exchange Completes Migration to NYSE Technologies' NSC V900 Trading Platform

The new trading platform is able to handle larger trading volumes and process trades 10 times faster than previous system.

The Philippine Stock Exchange said it has successfully migrated the PSE to NYSE Technologies’ NSC V900 trading platform.

With the launch of NSC V900 on July 26, 2010, the PAW is now able to handle larger trading volume and process trades 10 times faster than the previous system, according to Tuesday’s release.

In addition to increasing volume capacity and processing speed, the new trading infrastructure is expected to enhance PSE’s product range. With NSC’s V900 trading platform replacing the PSE’s legacy MakTrade System, investors in the future will have direct access to a wider range of cash, debt and derivative instruments from one single platform that was not available previously.

“In today’s increasingly competitive exchange industry, cutting edge and high performance technology is a key differentiator for continued volume growth and product innovation,” commented PSE President and CEO Val Antonio Suarez. “The migration of the PSE to the NSC 4900 complements our business strategy to further increase liquidity in our capital markets and introduce new investment products.”

In a statement, Peter Tierney, managing director of NYSE Technologies in the Asia region, said the commercial arm of NYSE Euronext was pleased it was selected as the key technology partner for the project, and that this was a milestone project for the PSE. Tierney said that after 18 months of hard work on both sides, “the immediate results are very encouraging.” On top of delivering substantially faster transaction speeds and system-wide reliability, the NSC 4900 trading platform will provide value to customers, and set new benchmarks for scalability, capacity, ultra-low latency, new functionalities and resiliency.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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