MANILA, Philippines – It’s an end of an era for the Philippine Stock Exchange , as it closed its trading floor in Bonifacio Global City in Taguig on Friday, June 24 to embrace digital.
“I understand this is a sentimental moment for everyone who found comfort and security in being at a trading floor. Decades-long friendships have been built and nurtured over the years among the trading participants and traders on this floor, and this should not, and hopefully will not, end,” PSE president and chief executive officer Ramon Monzon said during the closing ceremony.
NEW BEGINNING. PSE president and CEO Ramon Monzon delivers a speech during the trading floor closing ceremony.its trading floor, implemented a remote trading setup, and shortened trading hours due to the pandemic. Trading resumed physically when restrictions eased, only 29 of 86 trading participants, decided not to renew their leases.
PSE data showed that online stock market accounts grew 23.8% to 1.16 million in 2021, accounting for 71.5% of total accounts.
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