The Philippine Stock Exchange, Inc. ("PSE" or the "Exchange") is a private organization that provides and ensures a fair, efficient, transparent and orderly market for the buying and selling of securities.
PSE traces its roots from the country's two former bourses: the Manila Stock Exchange ("MSE") and the Makati Stock Exchange ("MkSE"). Founded in March 1927, the MSE was the first stock exchange in the Philippines and one of the oldest in Asia. Originally housed in downtown Manila, the MSE moved to Pasig City in 1992. The MkSE, on the other hand, was established in May 1963 and became the second bourse to operate in the country. It was based in Makati City, a budding business district during those days.
While trading the same listed
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The system accepts, routes, stores and automatically matches orders. After matches take place, the system stores trade records and generates notice of the transaction to the user. It also maintains market regulation and surveillance databases.The system allows, aside from main board sales, big block transactions, cross trades, and odd lot transactions. Good-Till-Canceled (GTC) orders, are also accepted on the system. GTC regular order expires on the seventh calendar date from the day of posting while GTC odd lot orders stay in the trading system indefinitely until actually canceled. Also, it allows brokers to execute transactions on the trading floor and at their offices through remote network connections.
SYSTEM ARCHITECTURE
MakTrade is simply a group of computer equipment, programs and communication media that collectively enables electronic trading. The Maktrade System has a Client-Server architecture. The main computer is known as the Central Order Book (COB) server. It is responsible for queuing and matching of all orders forwarded by the four trading hub servers. This creates a single order book for the entire PSE market. It also computes and distributes all market information such as indices and trade statistics. It also holds the master database of all orders, trades, securities and member-brokers. Primary market regulation and surveillance functions, which include opening and closing the market, halting of trading of a security, suspending a broker,
The Australian Stock Exchange Group (ASX) has been serving for Australian market since 19th century; ASX is formed to regulate the share trading in Australia and it has been offering services in Australian dollar equities and derivative products . According to the 2015 ASX annual report, ASX has been supporting the infrastructure and stability of the Australian financial market across different corporate customers ; the functions are reviewing and monitoring the record and process of the listed companies, operating the shares within a tradable network system and maintaining a record for the ownership of the shares as well as examining the activity of stockbrokers and providing services in sharemarket . Currently, there are
Real-time monitoring of risks – This means that any transaction processed over the account will be reflected as soon as they
If they are dissatisfied with the services of head office or regional shops, they need to be able to make a complaint.
It is linked to the stores ordering book stock system which automatically generate a new order when products are sold. They are also linked to the back office where they keep a record of the price which can change daily. Payment can be accepted by cash or chip and pin payment, which connects to the merchant bank electronically.
The Securities Exchange Act of 1934 was passed by congress to strengthen the government’s control of the financial markets. It was preceded by the Securities Exchange Act of 1933 which was enacted during the Great Depression in hopes that the stock market crash of 1929 would not be repeated. The basic difference between the two acts was that the 1933 Act was to govern the original sales of securities by requiring that the issuers, the companies offering the securities, offer up sufficient information about themselves and the securities so that the potential buyers could make informed decisions. The 1934 Act was
Street to buy and exchange stocks. The stock market grew so popular, it was featured on the front pages of
It’s a sort of auction where for stocks in which traders actually talk over and submit their offers.
The New York Stock Exchange has been a part of the United States financial landscape almost as long as the country has existed. Less than twenty years after the signing of the Declaration of Independence in 1776, the forefathers of the American dream started what would become the most dominate stock exchange in the world. “The history of the New York Stock Exchange begins with the signing of the Buttonwood Agreement by twenty-four New York City
Shares of the various East India companies were issued on paper, which allowed investors to sell to other investors. However, in order to be able to buy stocks, an
The role of the Division of Trading and Marketing is that assists the Commission implement its responsibility for maintaining fair, orderly, and efficient markets. The Division’s staff provides monitor major participants of the securities market, such as the securities exchanges; securities firms; self-regulatory organizations (SROs) including the Financial Industry Regulatory Authority (FInRA), the Municipal Securities Rulemaking Board (MSRB), clearing agencies that help facilitate trade settlement; transfer agents (parties that maintain records of securities owners); securities information processors; and credit rating agencies. The Division also monitors Securities Investor Protection Corporation (SIPC) that makes sure securities and cash in the customer accounts of the failed member brokerage firms. The additional responsibilities of Division include enforce financial integrity program for broker-dealers of the Commission, reviewing recommended new rules and change to existing rules submit by the SROs, assist the Commission to establish rules and publish interpretations on matters affecting the operation of the securities markets, and monitor the markets.
The products and services provided on the Australian Stock Exchange transactions including stocks, futures, foreign exchange transactions, warrants, contracts for differences, exchange-traded funds, real estate investment trusts, listed investment companies and interest rate securities. The largest stock on the Australian Stock Exchange trading, the market capitalization, including , ,
In Singapore, the ability to trade stocks and shares has become easily accessible due to online trading. Real-time information on stock prices is
The system improve its online ordering system in an efficient manner and also the customer data are stored in the system and updated it
NASDAQ and the New York Stock Exchange (NYSE) are two popular exchange hubs of stock market which accounts for most of the trading related to equities in North America and global business. They are on the same platform as far as stock market is concerned and the kind of equities they deal with and the way they handle the stock market operation in selling and buying stocks. They are located in New York City in Times Square and the downtown financial district respectively, both of these markets handle a huge volume of daily trading.
The Stock Market is an organized market for the trading of stocks and bonds. In Europe a stock exchange is often called a bourse. Stock exchanges exist in all-important financial centers of the world. Members of an exchange buy and sell for themselves or for others, charging commissions. A stock may be traded only if it is listed on an exchange after having met certain requirements. The New York Stock Exchange (founded 1790) is the largest in the U.S., handling more than 70% (in market value) of all transactions. The American Stock Exchange (Amex), also in New York City, and regional exchanges account for the remainder. Unlisted shares, often of smaller companies, are traded in the growing over-the-counter