The five-member Nominations and Elections Committee (Nomelec) of the Philippine Stock Exchange (PSE) has shortlisted the candidates for the non-broker seats in the 15-man board of directors ...

THE Philippine Stock Exchange, Inc. (PSE) has started accepting applications for eligible brokers to trade real estate investment trust (REIT) securities ahead of Ayala Land, Inc.’s (ALI) REIT ...

For its part, the PSE issued another statement on Wednesday detailing how it would reduce brokers’ ownership to comply with the 20-percent cap. “The company has already revoked the status of ...

PSE president and CEO Ramon Monzon told reporters that the exchange is working on revoking inactive brokers that on record own around 2.2 percent of the PSE. The PSE plans to take over PDS Holdings ...

Newly-elected PSE president Ramon Monzon earlier said he will focus on two major programs this year. These plans involve reducing brokers’ ownership in the stock exchange to 20% and completing ...

Withholding the identify of brokers who post and match orders prevents the so-called “herding” mentality, the PSE said, and “usually translates into tighter spreads.” It cites studies that ...

In March last year, the PSE was able to bring down the brokers’ ownership to about 21.71 percent, shortly after listing its 11.5 million shares in stock rights offer to existing shareholders, a ...

The PSE said that reserving only one set to Category B will comply with the requirements of the Securities and Regulation Code that brokers be proportionately represented in the PSE board based on ...

Last March, Garcia sought an injunction seeking the nullification of the March 9 elections of eight non-broker directors at the PSE board and calling for a new election to subject them to the ...

The SEC Rules state in part that broker-dealers are prohibited “from buying PSE shares for its own account or for the principal account of another broker-dealer until such time that the brokers and ...

The PSE said some P1.58 billion THE Securities and Exchange Commission (SEC) on Thursday has approved the Philippine Stock Exchange Inc.’s (PSE) stock-rights offer, a move meant to bring down ...