Local stock brokerage Papa Securities seeks to tap an increasing cohort of young, tech-savvy investors in the Philippines with the roll-out of its new trading platform.
P2P Trade Online, which was officially launched at the Lucky China Mall in Binondo on Friday night, allows investors to participate in the local stock market at a starting investment of P5,000.
“After 40 years of brokering, we feel that it’s time to share the expertise that we’ve spent decades cultivating with a wider audience,” Papa Securities president Myron Timothy Papa said during the launch.
Papa said that by offering a “fast and reliable” trading platform, the goal was to “transform more humble
beginnings into financial victories.”
P2P Trade Online is powered by Technistock, a leading domestic financial data and technology provider.
“Times are changing because of technology. As any data that you want is practically available on the internet, communication has never been easier because of smartphones,” Papa Securities Homer Perez said.
“We may not be the first to market, but we want to be the first on your mind when you want to do anything in the stock market. P2P Trade Online is our answer to the changing times, to strengthen our partnership,” Perez told the audience, which mostly consisted of existing clients.
Apart from enlisting a new pool of young retail investors, Papa Securities seeks to migrate existing clients, including institutional investors, into online trading.
“We feel that the coming of the [Lunar] Year of the Pig is an opportune time for investments. Inflation is going down. Interest rate will most likely not go up. Exchange rate is stable. Property prices are going up,” Perez said.