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Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas. Mission.
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Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas
Mission To develop and operate a centralized electronic marketplace that will promote price discovery and transparency for Philippine fixed income securities and foreign exchange transactions.
Vision To be the catalyst for promoting efficiency, price discovery, transparency and investor protection in the domestic fixed income market.
List of Board of Directors Vicente B. CastilloChairman and Chief Executive OfficerCesar B. CrisolPresident and Chief Operating OfficerPeter Chia Chon HianDirectorAtty. Francisco Ed. LimDirector Mark P. WatkinsonDirector Ricardo L. FernandezDirectorGeorge S. ChuaIndependent Director Hans B. SicatIndependent Director Teodoro B MontecilloIndependent Director
Organizational Chart Vicente B. CastilloChairman/CEO Cesar B. CrisolPresident/COO Antonino A. NakpilDirector, Trading Services Girard B. MatutinaAssociate Director, Market Operations Maria Victoria M. CainticAssociate Director, Listing & Enrolment Jose A. TanjangcoAssociate Director, Issuer Product Development
Corporate Profile • Philippine Dealing System Holdings Corp. or PDS Group • Its subsidiaries: • Philippine Securities Settlement Corporation (PDS holdings) • Philippine Depository and Trust Corporation (PDTC) • licensed by the SEC • “X- Stream” system • March 2005: began its trading operations in GS • July 2006: formally recognized as a SRO • November 2007: SRO registration of PDEx was expanded • February 2008: SRO authority was expanded
Fixed Income exchange Market • first centralized electronic infrastructure • comprehensive financial market infrastructure • Development of local capital market • X-stream system • Trading floor is not physical but virtual • September 2007: rules governing the PDEx Repo Market was approved • November 2007: Inter-Professional Market • February 2008: Public Market Trading Platform
PDEX TRADING PLATFORMS AND SYSTEMS • September 2006: Straight-Through Processing (STP) • November 2006: Auto-Matching system was launched • launched a Market Maker program
FI-BIOS : Providing Nationwide Access(Fixed-Income Broker Internet Order System) • Internet-based system • Was launched in June 2009 • Simplified transaction entry system
Governance • Under the provisions of the Securities Regulation Code or SRC • Separate the Market Governance function of PDEx from its Corporate Governance • Market Governance Board • composed of 9 governors • 4 governors representing market interests • the issuers • the dealers • the salesmen • the investors • 4 governors that are independent • a representative of PDEx as market operator
Trading Participants(Inter-Dealer)dealing participants • ALLIED BANKING CORP. • ASIA UNITED BANK CORPORATION • ASIAN ALLIANCE INVESTMENT CORP. • ASIATRUST DEVELOPMENT BANK • AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED • BANCO DE ORO UNIBANK, INC. • BANK OF COMMERCE • BANK OF THE PHILIPPINE ISLANDS • BDO PRIVATE BANK • BPI CAPITAL CORPORATION • CHINA BANKING CORPORATION • CHINATRUST (PHILS.) COMMERCIAL BANK CORP. • CITIBANK N.A. • DEUTSCHE BANK, AG • DEVELOPMENT BANK OF THE PHILS. • EASTWEST BANKING CORP. • EXPORT & INDUSTRY BANK • FIRST METRO INVESTMENT CORP. • ING BANK, NV MANILA • JP MORGAN CHASE BANK • LAND BANK OF THE PHILIPPINES • MAYBANK PHILIPPINES, INC. • METROPOLITAN BANK & TRUST COMPANY • MULTINATIONAL INVESTMENT BANCORPORATION • PHILIPPINE BANK OF COMMUNICATIONS • PHILIPPINE BUSINESS BANK • PHILIPPINE COMMERCIAL CAPITAL INC. • PHILIPPINE NATIONAL BANK • PHILIPPINE POSTAL SAVINGS BANK • PHILIPPINE SAVINGS BANK • PHILIPPINE VETERANS BANK • PLANTERS DEVELOPMENT BANK • RCBC SAVINGS BANK, INC. • RIZAL COMMERCIAL BANKING CORP. • ROBINSONS SAVINGS BANK • SECURITY BANK CORP. • STANDARD CHARTERED BANK • THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED • UNION BANK OF THE PHILIPPINES • UNITED COCONUT PLANTERS BANK • VICSAL INVESTMENT, INC.
Trading Participants(Public Market)Brokering Participants • ALLIED BANKING CORPORATION • BANCO DE ORO UNIBANK, INC. • BANK OF COMMERCE • BANK OF THE PHILIPPINE ISLANDS • BPI CAPITAL CORPORATION • CHINA BANKING CORPORATION • CITICORP FINANCIAL SERVICES & INSURANCE BROKERAGE PHILS INC • DEVELOPMENT BANK OF THE PHILIPPINES • EAST WEST BANKING CORPORATION • FIRST METRO INVESTMENT CORP. • LAND BANK OF THE PHILIPPINES • MAYBANK PHILIPPINES, INC. • METROPOLITAN BANK & TRUST COMPANY • MULTINATIONAL INVESTMENT BANCORPORATION • PHILIPPINE COMMERCIAL CAPITAL INC. • PHILIPPINE NATIONAL BANK • PHILIPPINE VETERANS BANK • RIZAL COMMERCIAL BANKING CORP. • SECURITY BANK CORP. • STANDARD CHARTERED BANK • THE HONG KONG AND SHANGHAI BANKING CORPORATION • UNION BANK OF THE PHILIPPINES • UNITED COCONUT PLANTERS BANK • VICSAL INVESTMENT, INC
PDEx Rules Rule 1 Trading Participants Rule 1.1 General Provision • No person shall be allowed to trade on the PDEx Trading System without being qualified to do so by PDEx. • A Trading Participant shall be any person that has been qualified to tradeon the PDEx Trading System Rule 1.3 Qualifications of a Trading Participant
PDEx Rules Rule 3 Trading Rule 3.1 Trading Day and Non-Trading Day Everyday shall be a Trading Day except for Saturdays, Sundays, legal holidays, and days when Philippine Clearing House Corporation clearing operations are suspended.
PDEx In Relation to Capital Market