PSE pushes for cross- border stock trading

The Philippine Stock Exchange Inc. (PSE) urged the government to enter into mutual recognition pacts with regional peers to allow cross-border trading of stocks, warning of a possible isolation of the equities market if the country waited for the Asean rules to be first harmonized.

Hans Sicat, President and Chief Executive Officer of the PSE, said that it is “high time” that the Securities and Exchange Commission (SEC) allows foreign shares to be traded and sold in the Philippines without having to go through the tedious process of registering their stocks here.