The Philippine Stock Exchange was named the best stock exchange in Southeast Asia in 2015 in the Marquee Awards of investment magazine Alpha Southeast Asia.
PSE said in a statement said the Marquee Awards cited various accomplishments for conferring the award, including the exchange’s corporate governance programs and the shift to the PSEtrade XTS trading engine which was accomplished in 11 months, shorter than the two years it took during the last adoption of a new trading system.
It also mentioned the stellar climb of the 30-company Philippine Stock Exchange index to the 8,000 level in April 2015 as well as the capital raising activity at the exchange.
“We are grateful that our efforts to improve our services and corporate governance initiatives were recognized by Alpha Southeast Asia and the third-party participants surveyed for this award,” said PSE president and chief executive Hans Sicat.
The PSE was selected as winner of the Marquee Awards through a survey of issuers and investors in the Southeast Asian region.
The award-giving body said PSE spent a large part 2015, striving to encourage world-class standards of disclosure and corporate governance among its listed companies in the Philippines.”
“The performance of the equity market irrefutably underscores how the Philippines’ equity market has been partially insulated from global volatility as it is dominated not only by local investors and a large domestic pension fund system but also foreign investors who now strongly believe in the investment fundamentals of the Philippines. One of many reasons why foreign investors have remained comfortable investing in the Philippines is due to its pro-disclosure stance from the ground up,” Marquee Awards said.
The award will be conferred to the PSE during the 9th Alpha Southeast Asia Deal & Solution Awards 2015 on Feb. 2, 2016 in Kuala Lumpur, Malaysia.
This is the second time the PSE received such recognition.
The PSE also received the best stock exchange in Southeast Asia award from Alpha Southeast Asia magazine in 2013.
Alpha Southeast Asia is an institutional investment magazine dedicated to covering the Southeast Asian region.