PSE inks Alliance with Hanoi Bourse
THE PHILIPPINE STOCK EXCHANGE (PSE) has signed a memorandum of understanding with the Hanoi Stock Exchange (HNX) as it sets a framework for long-term cooperation between the two bourses.
The MOU was signed June 22 by PSE Chief Operating Officer Val Antonio B. Suarez and HNX Chief Executive Officer Tran Van Dzung.
“The Hanoi Stock Exchange has grown to 301 listed firms and 101 trading members throughout its relatively young 12-year history. We are optimistic that this partnership with Hanoi will help broaden business opportunities for both our exchanges and facilitate knowledge transfers that will develop both our markets,” PSE Chief Operating Officer Val Antonio B. Suarez said.
Under the MOU, both bourses have agreed to mutually collaborate and communicate information and experiences to facilitate the development and efficient operations of their securities markets.
Aside from Hanoi, the PSE inked an MOU last January with the Ho Chi Minh Stock Exchange (HOSE) and with the Shenzhen Stock Exchange in late April 2009.
The PSE also recently signed an MOU with the New York Stock Exchange (NYSE) Euronext to establish a strategic alliance to jointly develop new exchange-traded products, explore new opportunities in trading system architecture and technology and enhance market participant connectivity and data management.
PSE operates the only stock exchange in the Philippines with 250 listed companies and 132 active trading participants.