PSE hit by systems glitch, market opening delayed

The Philippine Stock Exchange’s market opening was delayed by 38 minutes on Wednesday after suffering a systems glitch that was that “quickly” resolved, its top executive said.

“Had an issue with GTC (Good-Till-Cancelled) system, which our provider Flextrade was able to resolve quickly,” PSE president Ramon Monzon told the Inquirer in a text message.

He was unable to provide additional details until he obtained the full report and “root cause analysis” from the Flextrade trading platform.

The PSE advised market participants of the delay during the pre-open period before announcing the usual 9:30 a.m. market open would be postponed.

Trading on Wednesday resumed at 10:08 a.m. after the issue was resolved.

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