Brokerage firm taps PSE online platform

The Philippine Stock Exchange has signed up local stock brokerage Coherco Securities as the second trading participant to tap its online trading platform.

In a statement on Tuesday, the PSE welcomed the launch of CohercoTrade.ph which runs using PSETradex, an Internet-based trading management system developed by the PSE that allows users to trade shares of stock, monitor and manage their stock portfolio and get real-time market information.

“We’re pleased that Coherco Securities trusted PSETradex to be their online trading system provider. The PSE is now realizing its goal of enabling trading participants to provide online trading options to their investors. This development also bodes well for online investors as they now have more online brokers to choose from,” said PSE president Hans Sicat.

BA Securities, the first stock brokerage to tap the online trading platform of the PSE, has earlier gone live with its new trading system that runs on PSETradex.

The PSE’s online trading facility for brokers is meant to expand the country’s domestic investor base through a technology that stock brokers can collectively use to trade equities in a totally mobile environment.

The PSE is also in discussion with Maybank ATR Kim Eng Securities for the use of PSETradex. Doris C. Dumlao