Philippine Stock Exchange to get new market surveillance system

The Philippine Stock Exchange (PSE) is set to buy a new surveillance system early this year for better market governance.

In a press statement, PSE Chairman Hans B. Sicat said that the purchase of the “dynamic, efficient, scalable, and reliable” surveillance system complements their move to create an independent market monitoring entity that serves to represent the separation of the Exchange's “regulatory and business functions.” The PSE’s Market Regulation Division is now in the process of being spun off into a separate corporation.

Sicat said, “Complementing this initiative is the purchase of a new surveillance system that will raise our surveillance standards to be at par with our regional and global peers. The investment in intelligent, state-of-the-art technology will help provide additional safeguards for stock market investors.”

The fully automated EXTURE surveillance system, developed by the Korea Exchange, promises much improved market surveillance capability.

Expected to be fully operational early next year, EXTURE comes completely integrated with detection rules, statistic analysis models, benchmarks and accounts relation and pattern recognition logics,

Apart from these analytical tools that help keep an orderly and fair market, the system also boasts of an Integrated Visual Analysis System (IVA) feature that could effectively reduce average analysis and investigation time.as it gives visual representation of the market.

The new system is designed to take in at least one million orders/trades per day and is adaptable to any type of cash, derivates and interlinked markets.