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(From Philippine Daily Inquirer)
Byline: Doris C. Dumlao
THE PHILIPPINE Stock Exchange is firming up a new settlement and clearing scheme with banks to finally jump-start its planned dollar-denominated equities trading board by early next year.
In a press briefing yesterday, PSE president Ernest Leung said the bourse would also push through with the plan to market and eventually list mutual funds to further diversify the PSE's product offerings. He said the new mutual fund scheme would likely be finalized sooner than the dollar trading board.
In the case of the dollar-denominated trading facility, the board will initially be restricted to …