Philippines’ Bourse Shuts Trading Floor as Punters Favor Digital
The trading floor of the Philippine Stock Exchange in Bonifacio Global City (BGC), Metro Manila, 2018.
Photographer: Carlo Gabuco/BloombergThis article is for subscribers only.
The Philippine Stock Exchange Inc will permanently close its trading floor after the pandemic hastened its migration to “floorless trading” amid a digital shift that’s changing the operations of capital markets.
The ruckus of a trading floor at one of Asia’s oldest bourses, which goes back to 1927, will give way to a more “efficient and responsive” set-up to meet the “needs of the investing public,” bourse President Ramon Monzon said in a statement.