The Philippine Stock Exchange (PSE) will extend trading hours starting October 1 to try to boost trading volumes and match the hours of other Southeast Asian exchanges it will be linked with next year. This latest move by the Philippine Stock Exchange (PSE) will boost turnover in the undersized market.
Trading now lasts just two hours and 40 minutes and closes at midday which is the shortest trading hours in the Asian market.
The extension from Philippine Stock Exchange (PSE) will come in 2 phases. Coming October, trading will extend from the current 9:30 a.m. to 12pm schedule to 9:30 to 1 p.m.
And starting from January 1 next year, the trading floor will be open between 9:30am and 12pm, and then from 1:30 to 3:30pm. The extension of trading hours will help smaller brokers by keeping its floor open and it will also give brokers some time for settlement, clearing and dealing with their own clients.
Thursday's announcement was the second move this year by the exchange to generate higher trading volumes.
The stock exchange decided it needed to extend trading hours to allow volume to increase rather than wait for volume before extending.
This is not the first time the stock exchange has extended its hours. Back in 2002 it was reverted to the current schedule in less than a year after volumes failed to pick up much.
In April, it ordered the 30 large companies making up its composite index to raise the proportion of their freely traded shares from 10 percent to 12 percent by September.
It said those that failed to comply with the higher free-float requirement would be excluded from the composite index.
There are just 249 companies listed on the Philippine stock market, and total daily turnover averaged only five billion pesos (US$116.3 million) this year, according to the exchange's website.
Fewer than half a million Filipinos, or 0.5 percent of the population, owned and traded stocks last year, it said.
But those few investors have done well recently.
The composite index rose to an all-time high of 4,439.61 points on July 5, up 5.68 percent this year after a rise of 37.6 percent in 2010.
Wednesday, July 13, 2011
Friday, July 1, 2011
Singapore Exchange (SGX) will commence all-day stock trading from Aug 1
The Singapore Exchange (SGX), Asia's second-largest listed bourse operator, said yesterday that it will do away with the midday trading break on its securities market from Aug 1, 2011.
With the change, SGX's securities market will trade non- stop between 9am and 5pm (GMT+8), without taking a break from 12.30pm to 2pm (GMT+8), so as to allow investors to respond faster to regional market movements and news.
SGX had originally planned to scrap the lunch break from March but delayed the move because of opposition from some traders.
Continuous all-day trading will enhance Singapore's competitiveness as an international financial centre.
The implementation will allow investors, especially those who trade pan-Asian securities, to respond to regional market movements and news flow.
Meanwhile, the SGX derivatives market is already trading continuously.
In Asia, the Korea Exchange (KRX), India's National Stock Exchange (NSE) and Australia Stock Exchange (ASX) have already embraced continuous all-day trading.
The Tokyo Stock Exchange (TSE) and Hong Kong Exchanges and Clearing Ltd. have already announced plans to increase trading hours.
The Tokyo Stock Exchange (TSE) will extend trading hours by 30 minutes in November after postponing the move in anticipation of power shortages in the summer following the March 11 disasters.
The TSE will implement the new hours, which will effectively mean a shorter lunch break, from November 21, it said in a statement Tuesday.
The morning trading session for stocks, which opens at 9 am (GMT+9), will be extended to 11:30 am from the current 11 am. The afternoon trading session, from 12:30 pm to 3 pm, will remain unchanged.
In Mar. 7, 2011 (Monday), Hong Kong Exchange has already implemented new trading hours as follows:
Current Effective Mar. 7, 2011
Pre-opening Session 09:30 to 10:00am 09:00 to 09:30am
Morning Session 10:00 to 12:30pm 09:30 to 12:00pm
Afternoon Session 02:30 to 04:00pm 01:30 to 04:00pm
The Tokyo Stock Exchange (TSE) and Hong Kong Exchanges and Clearing Ltd. cited the need to strengthen competitiveness and enhance convenience for investors.
The continuous all-day securities trading will provide more avenues for participants to invest, hedge and arbitrage their investments.
As for Indonesia Stock Exchange (JSX), JSX is seeking approval from the country’s regulators to begin market trading hours an hour earlier around this month to align itself with other Asian markets.
Once trading is continuous all day, Singapore Exchange (SGX) member firms will offer retail investors various ways to execute orders.
These include online trading services, the use of central dealing desks, and the use of mobile technology by trading representatives to execute orders when they are off-premises.
With the change, SGX's securities market will trade non- stop between 9am and 5pm (GMT+8), without taking a break from 12.30pm to 2pm (GMT+8), so as to allow investors to respond faster to regional market movements and news.
SGX had originally planned to scrap the lunch break from March but delayed the move because of opposition from some traders.
Continuous all-day trading will enhance Singapore's competitiveness as an international financial centre.
The implementation will allow investors, especially those who trade pan-Asian securities, to respond to regional market movements and news flow.
Meanwhile, the SGX derivatives market is already trading continuously.
In Asia, the Korea Exchange (KRX), India's National Stock Exchange (NSE) and Australia Stock Exchange (ASX) have already embraced continuous all-day trading.
The Tokyo Stock Exchange (TSE) and Hong Kong Exchanges and Clearing Ltd. have already announced plans to increase trading hours.
The Tokyo Stock Exchange (TSE) will extend trading hours by 30 minutes in November after postponing the move in anticipation of power shortages in the summer following the March 11 disasters.
The TSE will implement the new hours, which will effectively mean a shorter lunch break, from November 21, it said in a statement Tuesday.
The morning trading session for stocks, which opens at 9 am (GMT+9), will be extended to 11:30 am from the current 11 am. The afternoon trading session, from 12:30 pm to 3 pm, will remain unchanged.
In Mar. 7, 2011 (Monday), Hong Kong Exchange has already implemented new trading hours as follows:
Current Effective Mar. 7, 2011
Pre-opening Session 09:30 to 10:00am 09:00 to 09:30am
Morning Session 10:00 to 12:30pm 09:30 to 12:00pm
Afternoon Session 02:30 to 04:00pm 01:30 to 04:00pm
The Tokyo Stock Exchange (TSE) and Hong Kong Exchanges and Clearing Ltd. cited the need to strengthen competitiveness and enhance convenience for investors.
The continuous all-day securities trading will provide more avenues for participants to invest, hedge and arbitrage their investments.
As for Indonesia Stock Exchange (JSX), JSX is seeking approval from the country’s regulators to begin market trading hours an hour earlier around this month to align itself with other Asian markets.
Once trading is continuous all day, Singapore Exchange (SGX) member firms will offer retail investors various ways to execute orders.
These include online trading services, the use of central dealing desks, and the use of mobile technology by trading representatives to execute orders when they are off-premises.
Wednesday, June 15, 2011
Common trading in Asean bourses in 2012
Petaling Jaya (The Star/ANN) - Bursa Malaysia Bhd, The Philippine Stock Exchange (PSE), Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET) have appointed SunGard as the technology provider for their intra-Asean cross-border order routing and trading platform that is expected to go live in the first quarter of next year.
In a statement, Malaysian stock exchange operator, Bursa Malaysia, said the four exchanges had made progress toward achieving inter-connectivity between their respective markets as part of the broader Asean Exchanges collaboration.
SunGard would electronically connect the markets of participating exchanges and allow investors and brokerages to access multiple markets via a single connection.
Bursa chief executive officer Tajuddin Atan said the Asean (Association of Southeast Asian Nations) trading link was an important development in enabling greater Asean investment mobility among intermediaries namely the brokerages and information vendors.
"This forms an integral part of the various initiatives in achieving the objective of the Asean Exchanges to promote Asean capital market growth," he said.
PSE president and chief executive officer Hans B. Sicat said the Asean trading link would facilitate global trade especially for retail investors seeking a bigger exposure in a fast growing Asean market.
SGX chief executive officer Magnus Bocker said it was pleased with the development of the Asean trading link which would enable investors to easily trade across markets in this region.
"The combined gross domestic product growth of which is expected to average 6% annually across the Asean countries over the next five years. We expect this link to drive greater liquidity and investment mobility in Asean," he said.
SET president Charamporn Jotikasthira said the tie-ups with SunGard was another milestone for the Asean link project.
"However, technology alone is not sufficient to make this project a success. The Asean exchanges will work together on marketing initiatives to promote the Asean link and asset class.
"Among others, there will be a networking event to promote cross-border partnerships among Asean brokers in Phuket in July," he said.
SunGard's Asia-Pacific managing director Nasser Khodri said the initiative represented a key milestone on the road to an integrated Asean capital market and they were delighted to be chosen as a partner in the alliance.
Source: Common trading in Asean bourses in 2012
In a statement, Malaysian stock exchange operator, Bursa Malaysia, said the four exchanges had made progress toward achieving inter-connectivity between their respective markets as part of the broader Asean Exchanges collaboration.
SunGard would electronically connect the markets of participating exchanges and allow investors and brokerages to access multiple markets via a single connection.
Bursa chief executive officer Tajuddin Atan said the Asean (Association of Southeast Asian Nations) trading link was an important development in enabling greater Asean investment mobility among intermediaries namely the brokerages and information vendors.
"This forms an integral part of the various initiatives in achieving the objective of the Asean Exchanges to promote Asean capital market growth," he said.
PSE president and chief executive officer Hans B. Sicat said the Asean trading link would facilitate global trade especially for retail investors seeking a bigger exposure in a fast growing Asean market.
SGX chief executive officer Magnus Bocker said it was pleased with the development of the Asean trading link which would enable investors to easily trade across markets in this region.
"The combined gross domestic product growth of which is expected to average 6% annually across the Asean countries over the next five years. We expect this link to drive greater liquidity and investment mobility in Asean," he said.
SET president Charamporn Jotikasthira said the tie-ups with SunGard was another milestone for the Asean link project.
"However, technology alone is not sufficient to make this project a success. The Asean exchanges will work together on marketing initiatives to promote the Asean link and asset class.
"Among others, there will be a networking event to promote cross-border partnerships among Asean brokers in Phuket in July," he said.
SunGard's Asia-Pacific managing director Nasser Khodri said the initiative represented a key milestone on the road to an integrated Asean capital market and they were delighted to be chosen as a partner in the alliance.
Source: Common trading in Asean bourses in 2012
Friday, February 18, 2011
Singapore Exchange (SGX) will implement all-day trading from third quarter of this year
Singapore Exchange (SGX) will introduce continuous all day trading from 9am to 5pm (no more lunch break from 12:30pm to 02:00pm) in the third quarter of this year instead of Mar. 1, 2011 as earlier announced. In January, the SGX said that the 90-minute trading break between 12.30pm and 2pm would be scrapped on March 1.
SGX is pushing back the deadline so it can ensure that investors are prepared for a change that will significantly impact the way stockbroking is done. The bourse opearator did not specify exactly when during the Jul. 1 to Sept. 30 third quarter the change will kick in.
The implementation will allow investors, especially those who trade pan-Asian securities, to respond to regional market movements and news flow.
Meanwhile, the SGX derivatives market is already trading continuously.
In Asia, the Korea Exchange (KRX), India's National Stock Exchange (NSE) and Australia Stock Exchange (ASX) have already embraced continuous all-day trading.
More recently, the Tokyo Stock Exchange (TSE) and Hong Kong Exchanges and Clearing Ltd. have already announced plans to increase trading hours. Hong Kong Exchanges and Clearing Ltd., operator of Asia’s third-biggest stock market, said it will extend its trading hours from March 7, 2011 tentatively.
Effective Mar. 7, 2011 (Monday), Hong Kong Exchange will implement new trading hours as follows:
Current Effective Mar. 7, 2011
Pre-opening Session 09:30 to 10:00am 09:00 to 09:30am
Morning Session 10:00 to 12:30pm 09:30 to 12:00pm
Afternoon Session 02:30 to 04:00pm 01:30 to 04:00pm
The Tokyo Stock Exchange (TSE) and Hong Kong Exchanges and Clearing Ltd. cited the need to strengthen competitiveness and enhance convenience for investors.
The continuous all-day securities trading will provide more avenues for participants to invest, hedge and arbitrage their investments.
As for Indonesia Stock Exchange (JSX), JSX is seeking approval from the country’s regulators to begin market trading hours an hour earlier around July 2011 to align itself with other Asian markets.
To build a global capital market, Singapore Exchange (SGX) said that the move towards continuous trading is timely.
It added that based on the feedback received through public consultation, there is broad-based support from investors and the brokerage community.
Meanwhile, Securities Investors' Association of Singapore (SIAS) has already welcomed SGX's initiative to extend its trading hours over the lunch hour.
SGX said it is working closely with the brokerage community to facilitate a smooth transition.
SGX is pushing back the deadline so it can ensure that investors are prepared for a change that will significantly impact the way stockbroking is done. The bourse opearator did not specify exactly when during the Jul. 1 to Sept. 30 third quarter the change will kick in.
The implementation will allow investors, especially those who trade pan-Asian securities, to respond to regional market movements and news flow.
Meanwhile, the SGX derivatives market is already trading continuously.
In Asia, the Korea Exchange (KRX), India's National Stock Exchange (NSE) and Australia Stock Exchange (ASX) have already embraced continuous all-day trading.
More recently, the Tokyo Stock Exchange (TSE) and Hong Kong Exchanges and Clearing Ltd. have already announced plans to increase trading hours. Hong Kong Exchanges and Clearing Ltd., operator of Asia’s third-biggest stock market, said it will extend its trading hours from March 7, 2011 tentatively.
Effective Mar. 7, 2011 (Monday), Hong Kong Exchange will implement new trading hours as follows:
Current Effective Mar. 7, 2011
Pre-opening Session 09:30 to 10:00am 09:00 to 09:30am
Morning Session 10:00 to 12:30pm 09:30 to 12:00pm
Afternoon Session 02:30 to 04:00pm 01:30 to 04:00pm
The Tokyo Stock Exchange (TSE) and Hong Kong Exchanges and Clearing Ltd. cited the need to strengthen competitiveness and enhance convenience for investors.
The continuous all-day securities trading will provide more avenues for participants to invest, hedge and arbitrage their investments.
As for Indonesia Stock Exchange (JSX), JSX is seeking approval from the country’s regulators to begin market trading hours an hour earlier around July 2011 to align itself with other Asian markets.
To build a global capital market, Singapore Exchange (SGX) said that the move towards continuous trading is timely.
It added that based on the feedback received through public consultation, there is broad-based support from investors and the brokerage community.
Meanwhile, Securities Investors' Association of Singapore (SIAS) has already welcomed SGX's initiative to extend its trading hours over the lunch hour.
SGX said it is working closely with the brokerage community to facilitate a smooth transition.
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