TRADING of the Philippine Stock Exchange Inc. (PSE), the operator of the country’s equities market, will now take place in its Bonifacio Global City (BGC) headquarters in Taguig, taking the two trading floors—Ortigas and Makati—under one roof.
The move ends nearly two decades of plans to unify the two trading floors, which started with the donation by the Fort Bonifacio Development Corp. (FBDC) of a piece of land in the area to serve as the PSE’s new headquarters. FBDC won the bid to convert the military camp where the BGC now sits. “As we move to our new office, we shall embark on recording new history for the stock market and for our country,” PSE Chairman Jose T. Pardo said during the ceremonial closing bell at the Ayala trading floor last Friday.
The PSE also held a ceremonial closing bell-ringing event in Tektite building in Ortigas.
On Monday, the Exchange will open its new headquarters and trading floor in PSE Tower in BGC.
The PSE in 2012 signed a new agreement with the current BGC developer, Ayala Land Inc., where the new PSE floor will be housed in a P3.5 billion, grade “AAA” multitower building that it will construct on a 3.2-hectare land.