The Philippine Stock Exchange, Inc.

The Philippine Stock Exchange, Inc. (PSE) is a private organization. It provides an efficient, transparent and orderly market for the selling and buying of securities.

PSE traces its roots to the Manila Stock Exchange (MSE) and the Makati Stock Exchange (MkSE). Established in 1927, the MSE was the first stock exchange in the Philippines. In 1992, it relocated from downtown Manila to Pasig City. The MkSE was founded in 1963 and based in Makati City. Although they were trading the same listed issues, the two exchanges remained as separate entities for almost thirty years. Finally, in1992 the MSE and MkSE joined forces and metamorphosed into the PSE.

The PSE maintains two trading floors - one in Makati City and another one in its head office in Pasig City. In 1998, the PSE was granted a Self-Regulatory Organization (SRO) status. This allowed it to impose rules on trading participants and listed companies.

In 2000, the PSE was converted from a non-stock, member-governed organization into a shareholder-based, revenue-earning company. Additionally, the Exchange's ownership and trading rights were separated, which allowed new players to enter the market. This transformation, as well as ventures into new products set to establish PSE as a more competitive organization with stable revenues.

The PSE operates an online daily disclosure system used to improve the transparency of listed companies and to protect the public.