PDEx is a dealing exchange for major banks in the Philippines. The primary exchange of the country for all sectors is the Philippine Stock Exchange. PDEx is licensed by the Securities and Exchange Commission SEC as an Exchange under the provisions of the Securities Regulation Code SRC. In July , SEC formally recognized PDEx as a Self-Regulatory Organization SRO in the Inter-Dealer Market and is thus vested with the responsibility of formulating the requisite market rules, undertaking surveillance and enforcing compliance in the inter-dealer market.

In November , the SEC expanded the SRO registration of PDEx to cover the Inter-Professional Market, and in February , its SRO authority was expanded to cover its members in all markets within the PDEx Trading Systems.

Trading on the PDEx platform is done through a state-of-the-art trading engine called X-Stream that was developed by NASDAQ OMX. The electronic system displays live bid and offer quotes and publishes transaction data to Trading Participants allowing for price discovery.

In addition, real-time fixed income market information is published on subscription basis through the PDEx MarketPage locally, and through PDEx data pages on REUTERS globally.

PDEx began trading operations in Government Securities in March , with a Negotiated Dealing System for the Inter-Dealer Market. The system was enhanced with the introduction of Straight-Through-Processing STP in September The STP facility generates settlement instructions from trades in the centralized transaction data base in the Trading System and publishes them into a secure website for the Operations Personnel of Trading Participants to reconcile and authorize.

Once authorized, the settlement instructions are sent through to the Bureau of the Treasury BTr , which operates the Delivery-versus-Payment Service for Government Securities with the Bangko Sentral ng Pilipinas BSP, the Philippine Central bank. The facility eliminates the need for the Operations Personnel to re-enter trade-related settlement instructions into a separate system.

An Auto-Matching System was also launched in November , to complement the trading of Government Securities on Negotiated Dealing System. This system allows Trading Participants to enter live Bid and Offer Orders anonymously into a Central Order Book. The Central Order Book has a matching engine that generates trades with matching algorithms based on trading limits, price, and time.

The Auto Matching System shall provide the basic structure for the key product offering of trading between and among public participants. To support the Auto-Matching System, PDEx launched a Market Maker Program with the expressed objective of increasing price liquidity in twelve 12 pre-identified government securities with outstanding size of Php8. Eleven 11 institutions have initially participated in this program all of whom actively trade on PDEx.

This incentive program shall be enhanced for Trading Participants that will commit to providing price liquidity into the expanded market for qualified institutions and retail investors.

Philippine Dealing Exchange - Wikipedia

A significant development has also been the appointment by the Bankers Association of the Philippines of PDEx as the Official Calculation Agent for new Philippine fixed income interest rate benchmarks. Under this engagement, PDEx through its SRO, monitors compliance with timeliness and accuracy standards for price and transaction reporting, further strengthening the interest rate benchmark setting process.

Live operations on setting the new PDS Treasury Reference rates commenced on March 19, In November , the SEC expanded the SRO registration of PDEx to cover the Inter-Professional Market.

Under the Securities Regulation Code Republic Act No. It should enforce fair, ethical and efficient practices in the securities industry. With this mandate, PDEx has created a comprehensive governance structure that is designed to separate the market governance function of PDEx from its corporate governance structure that sees to the business needs of PDEx as a commercial enterprise. The Market Governance Board MGB is a separate and independent body that is created for the primary purpose of crafting regulation and the Market Compliance and Discipline Committee MCDC for the purpose of seeing to the proper observance of market rules and laws.

The MGB is composed of 9 governors, 4 governors representing market interests, the issuers, the dealers, the salesmen, and the investors, 4 governors that are independent and a representative of PDEx as market operator. The membership was designed to achieve a balance of market interests and independence, to ensure that rule measures are not only in accord with market practice and consistent with market interest but also are aligned with the relevant regulatory principles in applicable global practice and standards and the responsibilities of PDEx as an SRO.

The envisioned market structure hopes to establish an SRO that is both a partner with the industry and an enforcer of market rules to participants that have agreed to be bound thereby. From Wikipedia, the free encyclopedia. Prehistory Pre Pre-colonial era — Colonial era — Spanish period — American period — Postcolonial era — Third Republic —65 Marcos dictatorship —86 Contemporary history —present.

Demographic Discoveries Economic Inventions Military. Bays Biosphere reserves Climate Earthquakes Ecoregions Environmental issues Extreme points Island groups islands Lakes Landmarks Mountains National parks Protected areas Ramsar sites Rivers Volcanoes Wildlife World Heritage Sites.

President Executive Office Cabinet Civil service National Police. Congress Senate Senate President President pro tem House of Representatives Speaker. Supreme Court Judiciary Court of Appeals. Constitution Philippine legal codes Human rights.

National Bureau of Investigation National Counter-Terrorism Action Group National Intelligence Coordinating Agency Philippine Drug Enforcement Agency. Armed Forces of the Philippines Philippine Air Force Philippine Army Philippine Navy Philippine Marine Corps Philippine Coast Guard. Administrative divisions Elections Foreign relations Political parties.

Agriculture Business process outsourcing Central Bank Energy Fiscal policy National debt Labor Peso currency Stock Exchange Taxation Telecommunications Tourism Transportation Science and technology Water and Sanitation.

Corruption Crime Demographics Education Ethnic groups Health Income inequality Languages Poverty Provinces by HDI Refugees Religion Women. Architecture Art Cinema Cuisine Cultural Properties Dance Fashion and clothing Festivals Historical Markers Literature Media Music Mythology Public holidays Psychology Sexuality Sports Traditional games Value system.

Philippines portal WikiProject Commons Quotes News Travel Category. Retrieved from " https: Finance in the Philippines Companies listed on the Philippine Stock Exchange Stock exchanges in Asia Financial services companies of the Philippines Companies based in Makati.

Use mdy dates from June Pages using deprecated image syntax Philippines articles missing geocoordinate data All articles needing coordinates.

Navigation menu Personal tools Not logged in Talk Contributions Create account Log in. Views Read Edit View history.

Philippine Dealing Exchange - Wikipedia

Navigation Main page Contents Featured content Current events Random article Donate to Wikipedia Wikipedia store. Interaction Help About Wikipedia Community portal Recent changes Contact page. Tools What links here Related changes Upload file Special pages Permanent link Page information Wikidata item Cite this page. This page was last edited on 13 June , at Text is available under the Creative Commons Attribution-ShareAlike License ; additional terms may apply.

By using this site, you agree to the Terms of Use and Privacy Policy. Privacy policy About Wikipedia Disclaimers Contact Wikipedia Developers Cookie statement Mobile view. Castillo Chairman and CEO. Timeline Prehistory Pre Pre-colonial era — Colonial era — Spanish period — American period — Postcolonial era — Third Republic —65 Marcos dictatorship —86 Contemporary history —present. Government Executive President Executive Office Cabinet Civil service National Police. Corruption Crime Demographics Education Ethnic groups Health Income inequality Languages Poverty Provinces by HDI Refugees Religion Women Culture Architecture Art Cinema Cuisine Cultural Properties Dance Fashion and clothing Festivals Historical Markers Literature Media Music Mythology Public holidays Psychology Sexuality Sports Traditional games Value system.