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New stock trading rules require computation for closing prices.
Regulators approved late last week revised trading rules for the local bourse, the Philippine Stock Exchange (PSE) said in a statement yesterday.
The green light from the Securities and Exchange Commission (SEC) pushed the PSE a step closer to implementing the delayed New Trading System (NTS). In a letter dated April 22, the SEC said the commission en banc had approved the revised trading rules with some amendments.
Highlights include "the introduction of the pre-close session to determine the day's closing price for the securities; real-time monitoring of foreign ownership; new order and validity types; and the standardization of the account code, among others." …
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