iWave’s interactive broker platforms and systems set to improve overall online trading | Inquirer Business
With the closing of the PSE trading floor

iWave’s interactive broker platforms and systems set to improve overall online trading

By: - Contributor / @inquirerdotnet
/ 01:48 PM June 24, 2022

Ramon Garcia, Executive Chairman of DFNN

MANILA, Philippines — With the sentimental announcement and closing of the Philippine Stock Exchange’s Trading Floor, DFNN, Inc.’s technology arm, Investee Company- iWave, Inc.’s (iWave) “NEXT-WAVE” Interactive Broker Platforms and Systems is a comprehensive digital stock trading, app driven, complete back office, Customer Relationship, Digital marketing, and Secure Identity solution that allows trading participants and retail investors alike to maximize stock trading activities via an end-to-end integrated system that will expand the participation and growth in the Capital Markets .

Currently some of these technologies are already used by top online brokers.


The NEXT- WAVE system was developed in collaboration with longtime technology partner DirectFN. The NEXT-WAVE platforms and systems were presented to the trading participants of the Philippine Stock Exchange (PSE) with the cooperation of the PSE and have received very positive feedback.

The NEXT-WAVE platforms and systems serves all broker and retail investor requirements from a digital standpoint for trading, settlement and back office processes such as accounting, billing and includes multiple newer Fintech and payment solutions designed to quickly execute trades.


Processing is done real time thereby improving payment velocity and reducing friction. The NEXT-WAVE platforms and systems are available on a subscription basis allowing trading participants to manage use and expense depending on certain there customized and growing requirements.

The retail channel of the trading platform is designed to leverage the untapped market consisting of young professionals and first time investors who are just starting to learn and navigate the intricacies of the stock market. With the NEXT-WAVE’s e learning to trade modules, first time investors can tap various courses focusing in online trading, among others. It also has a unified digital direct messaging system using SMS, email, direct messaging (Viber, Whatsapp) and which have proven to be a critical contribution as a powerful marketing tool.

With its extensive banking systems experience, iWave has been a leader in the financial industry with the company developing, providing, and managing proprietary technology products for banks and other financial institutions that process high volume secure transactions. iWave built the Philippine’s first automated trading platform which was implemented at the trading floor of the PSE in 1993. Even today, iWave’s technology components are used by the Philippine’s largest online stock brokerage firms by daily volume transactions.

DFNN technology partner DirectFN is present in over 18 countries specializing in fast and accurate trading solutions ranging from Desktop Information Workstations, Transaction Systems and Order Management Systems through total end-to-end cost-effective solutions. The company is also a provider of Exchange information to institutions via direct feeds or its DirectFNTM terminal, which includes reference data, charting tools and other content required by both the professional and retail investment community.


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TAGS: ‎ Philippine stocks, brokering, iWave
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