PSE to launch online trading platform

MANILA, Philippines - As the Philippine Stock Exchange (PSE) prepares for the launch of its Internet-based trading platform, a brokerage firm has become the first to offer the new service to its clients.

The operator of the country’s sole stock exchange said BA Securities Inc. will be the first trading participant to officially launch the online platform service branded as PSETradex on Aug. 27.

“Online trading is really the best way to reach out to retail stock market investors,” said BA Securities president Bryan Lao Ang.

“I’m also excited for our investors who can now have the accessibility and convenience of being able to trade and monitor their portfolio on the go,” Ang said.

For the convenience of its clients, BA Securities will launch a mobile application that comes with the PSETradex facility.

PSETradex, a web-based trading management system, will allow users to trade shares of stocks, monitor the order status, manage their stock portfolio and gather relevant information using their own computers or smartphones.

“We’ve seen retail activity grow significantly the last few years and that can be attributed greatly to the increase in number of online investors,” said PSE president and CEO Hans Sicat.