PSE, KRX disclosure system up

The Philippine Stock Exchange (PSE) has again teamed up with the Korea Exchange (KRX) for the local bourse's new disclosure engine called PSE Electronic Disclosure Generation Technology or PSE EDGE.

The PSE said EDGE will be used by listed companies to disseminate their required disclosures.

It shall make use of electronic templates so that disclosure information can be easily integrated real-time, upon release to the public, in various systems such as the PSE website and trading terminals, and the systems of data vendors and analysts.

PSE EDGE will also be available in a mobile platform where company disclosures can be accessed in a dedicated website or by downloading a mobile application compatible with different operating systems.

Prior to this, the PSE had teamed up with KRX for its state-of-the-art surveillance system dubbed, "Total Market Surveillance" or TMS. TMS was developed by the Korea Exchange to enhance the capability of CMIC to monitor stock market transactions.

The PSE said the establishment of the system, together with the essential collaboration of trading participants, the confidence of the investing public in capital market institutions shall be reinforced further and a more active and vibrant market participation will be truly promoted.

Integrated into the TMS system are features such as detection rules, statistic analysis models, and pattern recognition logics which are crucial for maintaining a fair and orderly market.

The new surveillance system is dynamic, efficient, scalable and reliable. At the minimum, the system is designed to support a market of 1 million orders/trades per day. TMS could easily adapt to other market instruments and products.

The PSE said the full roll-out of the TMS system affirms the bourse's role in enhancing market integrity and transparency.

The TMS launch coincided with the PSE's transfer of its regulatory function over trading participants to the Capital Markets Integrity Corporation last year.