PSE hit by systems glitch, market opening delayed | Inquirer Business

PSE hit by systems glitch, market opening delayed

/ 10:49 AM January 25, 2023

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.

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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.

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

READ:  Philippine stock market opens after delay due to technical issue

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TAGS: delay, opening, PSE, systems glitch

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