PSE inks deals to takeover PDS

Philippine Stock Exchange in Bonifacio Global City. INQUIRER PHOTO/LYN RILLON

After seven years, the Philippine Stock Exchange Inc. (PSE) has again reached an agreement with the Bankers Association of the Philippines (BAP) and other shareholders to take over the country’s bond trading platform.

In a regulatory disclosure after the close of trading on Thursday, the PSE said it had signed agreements with BAP, Singapore Exchange Ltd., Whistler Technologies Services Inc., San Miguel Corp., Investment House Association of the Philippines, Golden Astra Capital Inc. and Mizuho Bank Ltd. to sell their shares in Philippine Dealing System Holdings Corp. (PDS).

This marks a historic milestone for the operator of the local bourse, as this would allow the Philippine capital market to have only a single marketplace for both fixed-income and equities.

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