ASEAN stock exchange

source: http://investphilippines.org/

I got some rumors from my friends in a stock forum regarding a unification of bourses under one board. As I searched the Internet I got this news from The Nation Business posted since last year:

source: http://www.nationmultimedia.com/2009/02/24/business/business_30096535.php

5 Asean stock markets set up cross-border trading

By The Nation
Published on February 24, 2009

Investors will be able to buy and sell stocks in five Asean countries - Malaysia, Indonesia, Philippines, Singapore and Thailand - from next year via a common board. 

The Aseanlinkage board will be established for intraAsean crossborder trading. The Vietnamese stock market, which was earlier scheduled to be part of the group, is not ready to join next year.

Yesterday, representatives from the five regional exchanges - Bursa Malaysia, the Indonesia Stock Exchange, the Philippine Stock Exchange, the Singapore Exchange and the Stock Exchange of Thailand (SET) - signed a memorandum of understanding (MoU) to form an Asean electronictrading link to enhance the competitiveness of their capital markets. 

This etrading link, through a single access point, is expected to attract more international funds into Asean. SET president Patareeya Benjapholchai said the five markets would open for trading in the fourth quarter of 2010 via a "bulletin board".
She added that the Asean-linkage bulletin board would be established within the fourth quarter of this year.
Each country will list its 30 top stocks to trade on the Aseanlinkage board. Thus, there will be a total of about 150 listed companies from the five countries listed, representing 60 per cent of total market capitalisation of the regional stock markets.

From now on, each stock market will jointly set up a network system including IT, revenuesharing system, and interbrokerage transactions among the countries. Patareeya added that Vietnam said it was not ready yet to sign the MoU and expected to join the regional trading board later.

Finance Minister Korn Chatikavanij said a stronger, integrated and more competitive Asean was necessary to respond to the changing global landscape. Offering a single platform is a starting point to achieve the 2015 vision of a more integrated Asean capital market with harmonised rules, regulations and practices, he said.
Bursa Malaysia CEO Yusli Mohamed Yusoff said: "Forging closer cooperation among regional exchanges is crucial for us to remain globally relevant. As a progressive exchange, Bursa Malaysia is supportive of this initiative, which will encourage greater intraAsean trading."

Indonesia Stock Exchange president and director Erry Firmansyah said: "Our consideration for the development of this linkage is based on the following principles - maintain liquidity in home markets, gain support from local brokers by avoiding disintermediation, and comply with home regulations." 

Philippine Stock Exchange president and CEO Francisco Edralin Lim said: "Any Filipino investor can now buy Indonesian, Malaysian, Thai and Singaporean securities with the same ease as buying Philippine securities, and vice versa."

Hsieh Fu Hua, CEO of the Singapore Exchange, said: "This linkage paves the way for Asean depositories to customise Asean securities for their account holders. The Asean exchanges will work towards establishing their clearing houses as central counterparties to facilitate clearing and settlement of crossborder trades. Brokers will benefit from building on their relationships with their home clearing houses, and need not take on foreign counterparty risks."

Meanwhile, the Singapore Exchange and the SET yesterday renewed the MoU to continue the cooperation between the two exchanges towards the development of both capital markets.
The MoU aims to foster closer collaboration in securities trading, promotional activities of their market participants as well as information sharing regarding the operations and regulatory framework of their respective securities and derivatives markets. The two exchanges will also seek possible cooperation on crosstrading of securities.

The two exchanges first signed the MoU for general cooperation on August 27, 2003. The memorandum has been renewed for a further five years, until 2013.

For more reading visit: Invest Philippines 
                                     The Nation Business, 
                                     Asian Development Bank 

ASEAN stock exchange

source: http://investphilippines.org/

I got some rumors from my friends in a stock forum regarding a unification of bourses under one board. As I searched the Internet I got this news from The Nation Business posted since last year:

source: http://www.nationmultimedia.com/2009/02/24/business/business_30096535.php

5 Asean stock markets set up cross-border trading

By The Nation
Published on February 24, 2009

Investors will be able to buy and sell stocks in five Asean countries - Malaysia, Indonesia, Philippines, Singapore and Thailand - from next year via a common board. 

The Aseanlinkage board will be established for intraAsean crossborder trading. The Vietnamese stock market, which was earlier scheduled to be part of the group, is not ready to join next year.

Yesterday, representatives from the five regional exchanges - Bursa Malaysia, the Indonesia Stock Exchange, the Philippine Stock Exchange, the Singapore Exchange and the Stock Exchange of Thailand (SET) - signed a memorandum of understanding (MoU) to form an Asean electronictrading link to enhance the competitiveness of their capital markets. 

This etrading link, through a single access point, is expected to attract more international funds into Asean. SET president Patareeya Benjapholchai said the five markets would open for trading in the fourth quarter of 2010 via a "bulletin board".
She added that the Asean-linkage bulletin board would be established within the fourth quarter of this year.
Each country will list its 30 top stocks to trade on the Aseanlinkage board. Thus, there will be a total of about 150 listed companies from the five countries listed, representing 60 per cent of total market capitalisation of the regional stock markets.

From now on, each stock market will jointly set up a network system including IT, revenuesharing system, and interbrokerage transactions among the countries. Patareeya added that Vietnam said it was not ready yet to sign the MoU and expected to join the regional trading board later.

Finance Minister Korn Chatikavanij said a stronger, integrated and more competitive Asean was necessary to respond to the changing global landscape. Offering a single platform is a starting point to achieve the 2015 vision of a more integrated Asean capital market with harmonised rules, regulations and practices, he said.
Bursa Malaysia CEO Yusli Mohamed Yusoff said: "Forging closer cooperation among regional exchanges is crucial for us to remain globally relevant. As a progressive exchange, Bursa Malaysia is supportive of this initiative, which will encourage greater intraAsean trading."

Indonesia Stock Exchange president and director Erry Firmansyah said: "Our consideration for the development of this linkage is based on the following principles - maintain liquidity in home markets, gain support from local brokers by avoiding disintermediation, and comply with home regulations." 

Philippine Stock Exchange president and CEO Francisco Edralin Lim said: "Any Filipino investor can now buy Indonesian, Malaysian, Thai and Singaporean securities with the same ease as buying Philippine securities, and vice versa."

Hsieh Fu Hua, CEO of the Singapore Exchange, said: "This linkage paves the way for Asean depositories to customise Asean securities for their account holders. The Asean exchanges will work towards establishing their clearing houses as central counterparties to facilitate clearing and settlement of crossborder trades. Brokers will benefit from building on their relationships with their home clearing houses, and need not take on foreign counterparty risks."

Meanwhile, the Singapore Exchange and the SET yesterday renewed the MoU to continue the cooperation between the two exchanges towards the development of both capital markets.
The MoU aims to foster closer collaboration in securities trading, promotional activities of their market participants as well as information sharing regarding the operations and regulatory framework of their respective securities and derivatives markets. The two exchanges will also seek possible cooperation on crosstrading of securities.

The two exchanges first signed the MoU for general cooperation on August 27, 2003. The memorandum has been renewed for a further five years, until 2013.

For more reading visit: Invest Philippines 
                                     The Nation Business, 
                                     Asian Development Bank 

ASEAN stock exchange

source: http://investphilippines.org/

I got some rumors from my friends in a stock forum regarding a unification of bourses under one board. As I searched the Internet I got this news from The Nation Business posted since last year:

source: http://www.nationmultimedia.com/2009/02/24/business/business_30096535.php

5 Asean stock markets set up cross-border trading

By The Nation
Published on February 24, 2009

Investors will be able to buy and sell stocks in five Asean countries - Malaysia, Indonesia, Philippines, Singapore and Thailand - from next year via a common board. 

The Aseanlinkage board will be established for intraAsean crossborder trading. The Vietnamese stock market, which was earlier scheduled to be part of the group, is not ready to join next year.

Yesterday, representatives from the five regional exchanges - Bursa Malaysia, the Indonesia Stock Exchange, the Philippine Stock Exchange, the Singapore Exchange and the Stock Exchange of Thailand (SET) - signed a memorandum of understanding (MoU) to form an Asean electronictrading link to enhance the competitiveness of their capital markets. 

This etrading link, through a single access point, is expected to attract more international funds into Asean. SET president Patareeya Benjapholchai said the five markets would open for trading in the fourth quarter of 2010 via a "bulletin board".
She added that the Asean-linkage bulletin board would be established within the fourth quarter of this year.
Each country will list its 30 top stocks to trade on the Aseanlinkage board. Thus, there will be a total of about 150 listed companies from the five countries listed, representing 60 per cent of total market capitalisation of the regional stock markets.

From now on, each stock market will jointly set up a network system including IT, revenuesharing system, and interbrokerage transactions among the countries. Patareeya added that Vietnam said it was not ready yet to sign the MoU and expected to join the regional trading board later.

Finance Minister Korn Chatikavanij said a stronger, integrated and more competitive Asean was necessary to respond to the changing global landscape. Offering a single platform is a starting point to achieve the 2015 vision of a more integrated Asean capital market with harmonised rules, regulations and practices, he said.
Bursa Malaysia CEO Yusli Mohamed Yusoff said: "Forging closer cooperation among regional exchanges is crucial for us to remain globally relevant. As a progressive exchange, Bursa Malaysia is supportive of this initiative, which will encourage greater intraAsean trading."

Indonesia Stock Exchange president and director Erry Firmansyah said: "Our consideration for the development of this linkage is based on the following principles - maintain liquidity in home markets, gain support from local brokers by avoiding disintermediation, and comply with home regulations." 

Philippine Stock Exchange president and CEO Francisco Edralin Lim said: "Any Filipino investor can now buy Indonesian, Malaysian, Thai and Singaporean securities with the same ease as buying Philippine securities, and vice versa."

Hsieh Fu Hua, CEO of the Singapore Exchange, said: "This linkage paves the way for Asean depositories to customise Asean securities for their account holders. The Asean exchanges will work towards establishing their clearing houses as central counterparties to facilitate clearing and settlement of crossborder trades. Brokers will benefit from building on their relationships with their home clearing houses, and need not take on foreign counterparty risks."

Meanwhile, the Singapore Exchange and the SET yesterday renewed the MoU to continue the cooperation between the two exchanges towards the development of both capital markets.
The MoU aims to foster closer collaboration in securities trading, promotional activities of their market participants as well as information sharing regarding the operations and regulatory framework of their respective securities and derivatives markets. The two exchanges will also seek possible cooperation on crosstrading of securities.

The two exchanges first signed the MoU for general cooperation on August 27, 2003. The memorandum has been renewed for a further five years, until 2013.

For more reading visit: Invest Philippines 
                                     The Nation Business, 
                                     Asian Development Bank 

Is it very depressing to see the stock market slump again

source: http://www.pickthebrain.com/blog/economic-downturn/

Many of you might be re-thinking if it was mistake putting money in the stock market.

Or maybe many of you might be thinking you entered at the wrong time, that you should have bought that stock you got this time rather than two weeks ago? 

Yup it's depressing to see that the stocks you bought are in the red right now but always remember you have not yet sold those stocks so in reality have not yet any loss. If you have sold such then I say you have lost. In stock investing you can always chose when to sell or not. Holding unto stocks for the future might be a blessing in disguise. It may be very low today but as long as the company is in good financial shape it will withstand all this roller-coaster ride of the stock market.

So hold on and be calm. Once you panic you already lost the game. That is why I keep on re-iterating to only invest free cash. You must always set aside emergency money in case you need it really badly. 

As a friend always remind us in our forum "trade at your own risk." There maybe risk in investing in stock market but it is still a computable risk. You are in control of this game so take control and don't let fear take over you. 

You are in control, you can make profit even in the midst of downturn. Stay calm and control the risk.

Is it very depressing to see the stock market slump again

source: http://www.pickthebrain.com/blog/economic-downturn/

Many of you might be re-thinking if it was mistake putting money in the stock market.

Or maybe many of you might be thinking you entered at the wrong time, that you should have bought that stock you got this time rather than two weeks ago? 

Yup it's depressing to see that the stocks you bought are in the red right now but always remember you have not yet sold those stocks so in reality have not yet any loss. If you have sold such then I say you have lost. In stock investing you can always chose when to sell or not. Holding unto stocks for the future might be a blessing in disguise. It may be very low today but as long as the company is in good financial shape it will withstand all this roller-coaster ride of the stock market.

So hold on and be calm. Once you panic you already lost the game. That is why I keep on re-iterating to only invest free cash. You must always set aside emergency money in case you need it really badly. 

As a friend always remind us in our forum "trade at your own risk." There maybe risk in investing in stock market but it is still a computable risk. You are in control of this game so take control and don't let fear take over you. 

You are in control, you can make profit even in the midst of downturn. Stay calm and control the risk.

Is it very depressing to see the stock market slump again

source: http://www.pickthebrain.com/blog/economic-downturn/

Many of you might be re-thinking if it was mistake putting money in the stock market.

Or maybe many of you might be thinking you entered at the wrong time, that you should have bought that stock you got this time rather than two weeks ago? 

Yup it's depressing to see that the stocks you bought are in the red right now but always remember you have not yet sold those stocks so in reality have not yet any loss. If you have sold such then I say you have lost. In stock investing you can always chose when to sell or not. Holding unto stocks for the future might be a blessing in disguise. It may be very low today but as long as the company is in good financial shape it will withstand all this roller-coaster ride of the stock market.

So hold on and be calm. Once you panic you already lost the game. That is why I keep on re-iterating to only invest free cash. You must always set aside emergency money in case you need it really badly. 

As a friend always remind us in our forum "trade at your own risk." There maybe risk in investing in stock market but it is still a computable risk. You are in control of this game so take control and don't let fear take over you. 

You are in control, you can make profit even in the midst of downturn. Stay calm and control the risk.

Update regarding the NTS from COL

Have seen this update from Finance Manila regarding the ongoing switch from the Maktrade system to the NTS.

excerpt from financemanila.net.

Effective Monday 26 July 2010, the Philippine Stock Exchange will be implementing the new trading system with a new set of trading rules, as part of their commitment to enhance the trading experience and support systems for all investors, trading participants and PSE support groups.

In line with making such changes, COL will need to bring down the website from 3PM on July 23 (Friday) until July 25 (Sunday) to make the necessary changes and run testing with the PSE. All pending ATO and GTC orders will be flushed clean and will have to be re-posted by you on Monday morning July 26 at 9AM+.

Below are important changes to the Trading Rules that immediately affect your trading activities with CitisecOnline under the new PSE system:

1.    New Trading Schedule

There will now be a Pre-Close period prior to the Run-off Period of 12noon.

8:45 am - National Anthem

9:00 am - Pre-Open*

9:30 am - Market Open

11:57 am - Pre-Close *(NEW)

12:00 pm - Run-off / Trading at Last

12:10 pm - Market Close

* You can modify and/or cancel your orders during the Pre-Open period between 9:00am to 9:15am and the Pre-Close period of 11:57am to 11:58am.  During the periods of 9:15 am to 9:30 am and during 11:58 am-12:00 pm, modifications and/or cancellations of orders will be allowed by the system.

2.    New Board Lot and Price Fluctuation Table

The new board lot and price fluctuation table for all stocks listed in the PSE are as follows:

3.    Implementation of Trading Price Limits

The price of an order shall be within the Trading Limits for the Trading day.  There are two limits implemented; i.e., Static and Dynamic Thresholds.

The Static Threshold used to be known as the Floor and Ceiling Prices and is computed as follows:

-    The upper Static Threshold shall be fifty percent (50%) above the Reference price (closing price)

-    The lower Static Threshold shall be fifty percent (50%) below the Reference price (closing price)

The Dynamic Price Threshold** is computed as follows:

- Dynamic price threshold (upper) = last traded price + (last traded price multiplied by the dynamic tick)

- Dynamic price threshold (lower) = last traded price - (last traded price multiplied by the dynamic tick)

** An order entered breaching above or below the Dynamic Threshold will cause the security to be Frozen by the PSE stopping all trades until the PSE reactivates the security with a new Dynamic Threshold.

Example:

If the last traded price for stock A is 5.00 pesos and it has a PSE defined dynamic tick of 0.05 then:

- Stock A dynamic price threshold (upper) = 5.00 + (5.00 x 0.05) = 5.25

- Stock A dynamic price threshold (lower) = 5.00 - (5.00 x 0.05) = 4.75

4.    Closing Prices will now be calculated during the Pre-Close Period  which will be similar to pre-opening calculations of the opening price.

A Pre-close period (from 11:57-12:00) will be added similar to pre-open that will freeze matching for three minutes but allowing posting. Cancellations and modifications to orders are only allowed from 11:57-11:58 thereafter only posting of new orders are allowed until 12:00. Noon time will bring about a closing price that will match pre-close posted orders then continue trading at the closing price until 12:10.

5.    Partial matching of Odd-lot orders will now be allowed.

6.    Good-Till-Cancelled orders will now cover a period of seven (7) calendar days instead of seven (7) trading days.

All present GTC orders will be cancelled by end of day Friday July 23, 2010 to make way for the new data format on Monday. Placement of GTC orders will resume on July 26 Monday 9:00 AM. GTC orders may be entered during ATO (after trade hours). But GTC orders that have already been sent to the Exchange can only be cancelled or changed during allowable moments in pre-open (9:00-9:15) and during trading time. You can still send an advanced notice to cancel or change the GTC order during ATO periods but its effect on earmarked balances and positions will only take effect at 9:00 AM onwards.

7.    Please note that all other current order types in the COL system (Limit order, Day order, At-The-Open, and At-The-Close) will remain the same under the COL system.  There will be no added order types in the initial phase of the new system implementation. The PSE will in time introduce new order types to which we will inform you of its implementation. *Other brokerages’ online trading system may vary!

Will update you more regarding this new system. I just check my COL account and seems that there were glitches encountered today. I was placing an off-hours order yesterday but the usual off-hour page says "off-hour order closed". I hope COL can fix the problems and will be soon able to place orders during off hours.

Update regarding the NTS from COL

Have seen this update from Finance Manila regarding the ongoing switch from the Maktrade system to the NTS.

excerpt from financemanila.net.

Effective Monday 26 July 2010, the Philippine Stock Exchange will be implementing the new trading system with a new set of trading rules, as part of their commitment to enhance the trading experience and support systems for all investors, trading participants and PSE support groups.

In line with making such changes, COL will need to bring down the website from 3PM on July 23 (Friday) until July 25 (Sunday) to make the necessary changes and run testing with the PSE. All pending ATO and GTC orders will be flushed clean and will have to be re-posted by you on Monday morning July 26 at 9AM+.

Below are important changes to the Trading Rules that immediately affect your trading activities with CitisecOnline under the new PSE system:

1.    New Trading Schedule

There will now be a Pre-Close period prior to the Run-off Period of 12noon.

8:45 am - National Anthem

9:00 am - Pre-Open*

9:30 am - Market Open

11:57 am - Pre-Close *(NEW)

12:00 pm - Run-off / Trading at Last

12:10 pm - Market Close

* You can modify and/or cancel your orders during the Pre-Open period between 9:00am to 9:15am and the Pre-Close period of 11:57am to 11:58am.  During the periods of 9:15 am to 9:30 am and during 11:58 am-12:00 pm, modifications and/or cancellations of orders will be allowed by the system.

2.    New Board Lot and Price Fluctuation Table

The new board lot and price fluctuation table for all stocks listed in the PSE are as follows:

3.    Implementation of Trading Price Limits

The price of an order shall be within the Trading Limits for the Trading day.  There are two limits implemented; i.e., Static and Dynamic Thresholds.

The Static Threshold used to be known as the Floor and Ceiling Prices and is computed as follows:

-    The upper Static Threshold shall be fifty percent (50%) above the Reference price (closing price)

-    The lower Static Threshold shall be fifty percent (50%) below the Reference price (closing price)

The Dynamic Price Threshold** is computed as follows:

- Dynamic price threshold (upper) = last traded price + (last traded price multiplied by the dynamic tick)

- Dynamic price threshold (lower) = last traded price - (last traded price multiplied by the dynamic tick)

** An order entered breaching above or below the Dynamic Threshold will cause the security to be Frozen by the PSE stopping all trades until the PSE reactivates the security with a new Dynamic Threshold.

Example:

If the last traded price for stock A is 5.00 pesos and it has a PSE defined dynamic tick of 0.05 then:

- Stock A dynamic price threshold (upper) = 5.00 + (5.00 x 0.05) = 5.25

- Stock A dynamic price threshold (lower) = 5.00 - (5.00 x 0.05) = 4.75

4.    Closing Prices will now be calculated during the Pre-Close Period  which will be similar to pre-opening calculations of the opening price.

A Pre-close period (from 11:57-12:00) will be added similar to pre-open that will freeze matching for three minutes but allowing posting. Cancellations and modifications to orders are only allowed from 11:57-11:58 thereafter only posting of new orders are allowed until 12:00. Noon time will bring about a closing price that will match pre-close posted orders then continue trading at the closing price until 12:10.

5.    Partial matching of Odd-lot orders will now be allowed.

6.    Good-Till-Cancelled orders will now cover a period of seven (7) calendar days instead of seven (7) trading days.

All present GTC orders will be cancelled by end of day Friday July 23, 2010 to make way for the new data format on Monday. Placement of GTC orders will resume on July 26 Monday 9:00 AM. GTC orders may be entered during ATO (after trade hours). But GTC orders that have already been sent to the Exchange can only be cancelled or changed during allowable moments in pre-open (9:00-9:15) and during trading time. You can still send an advanced notice to cancel or change the GTC order during ATO periods but its effect on earmarked balances and positions will only take effect at 9:00 AM onwards.

7.    Please note that all other current order types in the COL system (Limit order, Day order, At-The-Open, and At-The-Close) will remain the same under the COL system.  There will be no added order types in the initial phase of the new system implementation. The PSE will in time introduce new order types to which we will inform you of its implementation. *Other brokerages’ online trading system may vary!

Will update you more regarding this new system. I just check my COL account and seems that there were glitches encountered today. I was placing an off-hours order yesterday but the usual off-hour page says "off-hour order closed". I hope COL can fix the problems and will be soon able to place orders during off hours.

Update regarding the NTS from COL

Have seen this update from Finance Manila regarding the ongoing switch from the Maktrade system to the NTS.

excerpt from financemanila.net.

Effective Monday 26 July 2010, the Philippine Stock Exchange will be implementing the new trading system with a new set of trading rules, as part of their commitment to enhance the trading experience and support systems for all investors, trading participants and PSE support groups.

In line with making such changes, COL will need to bring down the website from 3PM on July 23 (Friday) until July 25 (Sunday) to make the necessary changes and run testing with the PSE. All pending ATO and GTC orders will be flushed clean and will have to be re-posted by you on Monday morning July 26 at 9AM+.

Below are important changes to the Trading Rules that immediately affect your trading activities with CitisecOnline under the new PSE system:

1.    New Trading Schedule

There will now be a Pre-Close period prior to the Run-off Period of 12noon.

8:45 am - National Anthem

9:00 am - Pre-Open*

9:30 am - Market Open

11:57 am - Pre-Close *(NEW)

12:00 pm - Run-off / Trading at Last

12:10 pm - Market Close

* You can modify and/or cancel your orders during the Pre-Open period between 9:00am to 9:15am and the Pre-Close period of 11:57am to 11:58am.  During the periods of 9:15 am to 9:30 am and during 11:58 am-12:00 pm, modifications and/or cancellations of orders will be allowed by the system.

2.    New Board Lot and Price Fluctuation Table

The new board lot and price fluctuation table for all stocks listed in the PSE are as follows:

3.    Implementation of Trading Price Limits

The price of an order shall be within the Trading Limits for the Trading day.  There are two limits implemented; i.e., Static and Dynamic Thresholds.

The Static Threshold used to be known as the Floor and Ceiling Prices and is computed as follows:

-    The upper Static Threshold shall be fifty percent (50%) above the Reference price (closing price)

-    The lower Static Threshold shall be fifty percent (50%) below the Reference price (closing price)

The Dynamic Price Threshold** is computed as follows:

- Dynamic price threshold (upper) = last traded price + (last traded price multiplied by the dynamic tick)

- Dynamic price threshold (lower) = last traded price - (last traded price multiplied by the dynamic tick)

** An order entered breaching above or below the Dynamic Threshold will cause the security to be Frozen by the PSE stopping all trades until the PSE reactivates the security with a new Dynamic Threshold.

Example:

If the last traded price for stock A is 5.00 pesos and it has a PSE defined dynamic tick of 0.05 then:

- Stock A dynamic price threshold (upper) = 5.00 + (5.00 x 0.05) = 5.25

- Stock A dynamic price threshold (lower) = 5.00 - (5.00 x 0.05) = 4.75

4.    Closing Prices will now be calculated during the Pre-Close Period  which will be similar to pre-opening calculations of the opening price.

A Pre-close period (from 11:57-12:00) will be added similar to pre-open that will freeze matching for three minutes but allowing posting. Cancellations and modifications to orders are only allowed from 11:57-11:58 thereafter only posting of new orders are allowed until 12:00. Noon time will bring about a closing price that will match pre-close posted orders then continue trading at the closing price until 12:10.

5.    Partial matching of Odd-lot orders will now be allowed.

6.    Good-Till-Cancelled orders will now cover a period of seven (7) calendar days instead of seven (7) trading days.

All present GTC orders will be cancelled by end of day Friday July 23, 2010 to make way for the new data format on Monday. Placement of GTC orders will resume on July 26 Monday 9:00 AM. GTC orders may be entered during ATO (after trade hours). But GTC orders that have already been sent to the Exchange can only be cancelled or changed during allowable moments in pre-open (9:00-9:15) and during trading time. You can still send an advanced notice to cancel or change the GTC order during ATO periods but its effect on earmarked balances and positions will only take effect at 9:00 AM onwards.

7.    Please note that all other current order types in the COL system (Limit order, Day order, At-The-Open, and At-The-Close) will remain the same under the COL system.  There will be no added order types in the initial phase of the new system implementation. The PSE will in time introduce new order types to which we will inform you of its implementation. *Other brokerages’ online trading system may vary!

Will update you more regarding this new system. I just check my COL account and seems that there were glitches encountered today. I was placing an off-hours order yesterday but the usual off-hour page says "off-hour order closed". I hope COL can fix the problems and will be soon able to place orders during off hours.

An update regarding NTS with PSE

A buzz regarding the new system is out.

The PSE is moving to a new trading system leaving behind the Maktrade system. To read more on this new trading rules please visit the PSE website at www.pse.com.ph or click here.

The question now is how would this new trading system affect investors. In reality the entities that are directly affected by these changes are the stockbrokers. They need to update themselves as well to able to follow the PSE trading. On their part they must see to it that the investing public will be able to seamlessly use their online ordering system without much hassle on the side of stock traders like yo and me.

The PSE is on its final stage of transferring its operations in the Makati trading floor. The move was to operate wisely by only having one trading floor. Though the PSE has been earning cutting cost is one way of boosting bottom line. For the mean time he PSE will trade at the Makati until such time they find a new place for their main floor and office.

An update regarding NTS with PSE

A buzz regarding the new system is out.

The PSE is moving to a new trading system leaving behind the Maktrade system. To read more on this new trading rules please visit the PSE website at www.pse.com.ph or click here.

The question now is how would this new trading system affect investors. In reality the entities that are directly affected by these changes are the stockbrokers. They need to update themselves as well to able to follow the PSE trading. On their part they must see to it that the investing public will be able to seamlessly use their online ordering system without much hassle on the side of stock traders like yo and me.

The PSE is on its final stage of transferring its operations in the Makati trading floor. The move was to operate wisely by only having one trading floor. Though the PSE has been earning cutting cost is one way of boosting bottom line. For the mean time he PSE will trade at the Makati until such time they find a new place for their main floor and office.

An update regarding NTS with PSE

A buzz regarding the new system is out.

The PSE is moving to a new trading system leaving behind the Maktrade system. To read more on this new trading rules please visit the PSE website at www.pse.com.ph or click here.

The question now is how would this new trading system affect investors. In reality the entities that are directly affected by these changes are the stockbrokers. They need to update themselves as well to able to follow the PSE trading. On their part they must see to it that the investing public will be able to seamlessly use their online ordering system without much hassle on the side of stock traders like yo and me.

The PSE is on its final stage of transferring its operations in the Makati trading floor. The move was to operate wisely by only having one trading floor. Though the PSE has been earning cutting cost is one way of boosting bottom line. For the mean time he PSE will trade at the Makati until such time they find a new place for their main floor and office.

The DOW effect

 source: www.pse.com.ph

Last week was a erratic stock market world.

 source: http://money.cnn.com/data/markets/dow/

For the first part of the week every market in the world are bullish and rally then in the end of the week there was this sudden plunge after the news about bad economic data from the US with the latest story of Goldman Sachs settlement with their case.

And if you have already notice the Philippines Stock Exchange has been trailing the US market specially the Dow. When the Dow is up the PSE is up, when its Dow is down the PSE is down except during second or third day after the Philippine election when Noynoy has the majority votes.

Should we blame the Dow for all our loses or should we take advantage of this indicator? We cannot do anything about the bad economic data from the US but knowing that the PSE trails the reaction of the Dow would be a great tool for us to predict what is to happen in our local stock exchange except if the reaction is further decline which is not good for any investor at all. So always choose stocks of fundamental sound companies and if such stock's prices are down it may be best to buy some to lower your cost on such. And when the stocks rises up again well you now got a lower average cost per share giving you better returns.

The DOW effect

 source: www.pse.com.ph

Last week was a erratic stock market world.

 source: http://money.cnn.com/data/markets/dow/

For the first part of the week every market in the world are bullish and rally then in the end of the week there was this sudden plunge after the news about bad economic data from the US with the latest story of Goldman Sachs settlement with their case.

And if you have already notice the Philippines Stock Exchange has been trailing the US market specially the Dow. When the Dow is up the PSE is up, when its Dow is down the PSE is down except during second or third day after the Philippine election when Noynoy has the majority votes.

Should we blame the Dow for all our loses or should we take advantage of this indicator? We cannot do anything about the bad economic data from the US but knowing that the PSE trails the reaction of the Dow would be a great tool for us to predict what is to happen in our local stock exchange except if the reaction is further decline which is not good for any investor at all. So always choose stocks of fundamental sound companies and if such stock's prices are down it may be best to buy some to lower your cost on such. And when the stocks rises up again well you now got a lower average cost per share giving you better returns.

The DOW effect

 source: www.pse.com.ph

Last week was a erratic stock market world.

 source: http://money.cnn.com/data/markets/dow/

For the first part of the week every market in the world are bullish and rally then in the end of the week there was this sudden plunge after the news about bad economic data from the US with the latest story of Goldman Sachs settlement with their case.

And if you have already notice the Philippines Stock Exchange has been trailing the US market specially the Dow. When the Dow is up the PSE is up, when its Dow is down the PSE is down except during second or third day after the Philippine election when Noynoy has the majority votes.

Should we blame the Dow for all our loses or should we take advantage of this indicator? We cannot do anything about the bad economic data from the US but knowing that the PSE trails the reaction of the Dow would be a great tool for us to predict what is to happen in our local stock exchange except if the reaction is further decline which is not good for any investor at all. So always choose stocks of fundamental sound companies and if such stock's prices are down it may be best to buy some to lower your cost on such. And when the stocks rises up again well you now got a lower average cost per share giving you better returns.

Correction: Starting Bid and Ask price

source: http://quezi.com/

If you remember my post regarding the rules of the fluctuations of the bid and ask quotes, there is a clarification I have to make. Click here to re-read PSE website: Board Lot Table Part 5.

It has to do with where would the fluctuation start based on the last trade. 

In our example BPI's last trade 43.00 we should know if this is a buy or sell transaction. It is important to know because that price will be the start of the fluctuation. So if the 43.00 was a buy transaction the price quote will be 43.00, 42.50, and 42 for the buy side and 43.50, 44.00, and 44.50 for the sell side. If it was a sell then 42.50, 42.00, and 41.50 will be the buy side and 43.00, 43.50, and 44.00 for the sell side.

Also remember that this rule applies every time a new transaction occurs. So if during the trading hours somebody was able to sell then that will be the new basis of the fluctuations. Simple rule yet so helpful in determining how much can you purchase or until what price can you sell your stock during trading hours.

Correction: Starting Bid and Ask price

source: http://quezi.com/

If you remember my post regarding the rules of the fluctuations of the bid and ask quotes, there is a clarification I have to make. Click here to re-read PSE website: Board Lot Table Part 5.

It has to do with where would the fluctuation start based on the last trade. 

In our example BPI's last trade 43.00 we should know if this is a buy or sell transaction. It is important to know because that price will be the start of the fluctuation. So if the 43.00 was a buy transaction the price quote will be 43.00, 42.50, and 42 for the buy side and 43.50, 44.00, and 44.50 for the sell side. If it was a sell then 42.50, 42.00, and 41.50 will be the buy side and 43.00, 43.50, and 44.00 for the sell side.

Also remember that this rule applies every time a new transaction occurs. So if during the trading hours somebody was able to sell then that will be the new basis of the fluctuations. Simple rule yet so helpful in determining how much can you purchase or until what price can you sell your stock during trading hours.

Correction: Starting Bid and Ask price

source: http://quezi.com/

If you remember my post regarding the rules of the fluctuations of the bid and ask quotes, there is a clarification I have to make. Click here to re-read PSE website: Board Lot Table Part 5.

It has to do with where would the fluctuation start based on the last trade. 

In our example BPI's last trade 43.00 we should know if this is a buy or sell transaction. It is important to know because that price will be the start of the fluctuation. So if the 43.00 was a buy transaction the price quote will be 43.00, 42.50, and 42 for the buy side and 43.50, 44.00, and 44.50 for the sell side. If it was a sell then 42.50, 42.00, and 41.50 will be the buy side and 43.00, 43.50, and 44.00 for the sell side.

Also remember that this rule applies every time a new transaction occurs. So if during the trading hours somebody was able to sell then that will be the new basis of the fluctuations. Simple rule yet so helpful in determining how much can you purchase or until what price can you sell your stock during trading hours.

PSE Website Part 8: Knowing who manages the companies that you invested

 source: http://www.cmu.edu/
In business it is important that you trust the persons that manage the company. Their educational and professional background maybe impressive but if investors don't trust them it will be hard to see growth due to lack of investor confidence. 

One good example is Steve Jobs of Apple. Jobs was the primary innovator at Apple yet when his attitude turns from good to bad the company started to fall and eventually led to his expulsion to the top post. He learned his lessons and was able to get the trust of the people inside Apple and eventually the investing public. Since then Apple lunch one of the greatest gadget, The iPhone and has been a key player in technological innovations.

To see the managing team of your stock's company you can check them by going to the  the Board of Directors and Management link in the Corporate Information link:

Note: the use of ABS Corporate information is for illustration purposes only.