Philippine Stock Exchange to Adopt Nasdaq Eqlipse Trading System
Nasdaq Eqlipse Trading is a modular system designed to modernise and strengthen platform capabilities, allowing for functions like pre-trade risk management and advanced options pricing.
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The Philippine Stock Exchange, Inc (PSE) is adopting the Eqlipse Trading platform by Nasdaq to upgrade its trading infrastructure, a move that expands the existing technology partnership between the two organisations. They aim to improve the liquidity and resilience of the Philippine marketplace.
Nasdaq mentioned that the Eqlipse Trading platform can help organisations to modernise, standardise, and reinforce their platform capabilities and application architecture.
The system is modular, allowing market operators to integrate various functions such as pre-trade risk management, advanced options pricing, and index calculations. It also offers a flexible deployment model.
Ramon S. Monzon
PSE President and CEO Ramon S. Monzon stated, “With technology as a key area in our strategic agenda, it is important for PSE to work with a trusted service provider of market technologies. Given this, PSE opted to renew its partnership with Nasdaq to ensure continuity in offering a dependable trading system that meets all our current and future requirements.”
The Nasdaq Eqlipse platform is the fourth generation of Nasdaq’s multi-asset marketplace technology. Magnus Haglind, Head of Marketplace Technology at Nasdaq, commented that the partnership will help the Philippine Stock Exchange strengthen its market infrastructure.
Nasdaq has established several technology partnerships in the Philippines. In addition to market infrastructure, domestic and global institutions utilise Nasdaq’s AxiomSL data and regulatory reporting platform. Clients also use its Nasdaq Calypso platform to simplify their capital market operations.
R.G. Manalac
R.G. Manalac, Senior Vice President, Asia Pacific at Nasdaq, remarked on the company’s growing presence in the Philippines, noting its alignment with the country’s economic development.
Nasdaq reports that its technology is used by clients within the global financial services industry. These users include systematically important banks, stock exchanges, central banks, regulatory authorities, and other financial institutions.
