The local bourse will be a lot busier in the second half of the year as it firms up more products and deals, such as the unification of the equities market and fixed-income exchange, and the listing of first Exchange-Traded Funds (ETFs) among others.
Philippine Stock Exchange (PSE) President and Chief Executive Officer Hans Sicat indicated that the local bourse is not yet ready to join Asean Trading Link, adding that it will try to focus first in improving the number of products that they can offer. The Association of Southeast Asian Nations Trading Link is a cross-border electronic trading link for Southeast Asian bourses.
“I think our basic strategy for PSE in the next two to three years is turn on products in the exchange. We will need to fully assess once we have a few more products in the Exchange,” Sicat said.
“If these things happen, it will give the PSE one more scale, two more muscles and a wide range of investment options for investors. That brings us closer to the link itself,” he added.
The PSE delayed its participation in the Asean Trading Link to give itself more time to improve trading volumes, increase product offerings, among others.
In the second half of this year, PSE is set to list the country’s first ETF.
Pursuant to the merger of the country’s stock exchange and the fixed-income exchange, the local bourse is also hopeful that it could finalize the acquisition of shares in the Philippine Dealing Systems Holdings Corp. (PDS) within this year.
Also, the local bourse, in partnership with Singapore Stock Exchange, is gearing up for the development and promotion of Philippines-linked derivatives products.