A B R I E F H I S T O R Y O F The Philippine Stock Exchange, Inc.

(Filipino:
Pamilihang Sapi ng Pilipinas; PSE: PSE) is the
PHILIPPINE STOCKS EXCHANGE
national stock exchange of the Philippines.

1927
August 8
Manila Stock Exchange was
established.
1936

Commonwealth Act No
83 or the Securities Act
of 1936 was enacted.
1937
MSE introduced the ticker
transmiting service.

1940
MSE operation was
suspended during the
Japanese Occupation.
1946
MSE resumed its trading
operations.
1958
The Industrial Share Average
was initiated. Mining-oil index
was also introduced.
1963
May 27
The Makati Stock Exchange
(MkSE) was organized.
1965
November 16
MkSE started operation.
1969
MSE implemented seperatee
indeces for mining and oil.
1973
April 12
Presidential Decree (PD) No.
167 was passed.
Another PD No. 282 was
adopted.
1975
Sec implemented the
uniformity of price
fluctuations, board lots and
trading symbols for all
existing stock exchange.
 1979
October 2
Securities Investors Protection
Fund, Inc. was formally
established.
1982
February 23
The Revised Securities Act
(RSA) or BP Blg. 178 was
signed into law
1987
MSE introduced the MSE
Composite Index using the
variable multiplier method
(fixed weights at base date)
1989
MSE installed a computerized
real-time price reporting
system 1990
The computation of the
indices was changed from
price-weighted to full
market capitalization-
weighted
1992
May 25
The Philippine-SEC Institute
Foundation, Inc. (Phil-SEC)
was incorporated
July 14
The Philippine Stock
Exchange, Inc. (PSE) was
incorporated 1993
January 4
Trading at the MSE through
its fully computerized
match trading system.
March 20
first general membership
meeting of PSE took place.
June 15
MkSE launched its
automated trading system
referred to as MakTrade
 1994
March 4
The SEC granted the PSE its
license to operate as a
securities exchange.
March 25
Oneprice-one market
exchange was achieved
through the successful link-up
of the two existing trading
floors.
1995
October 16
The PSE was accepted as the
37th full-pledged member of
the Federation Internationale
des Bourses de Valeurs or
International Federation of
Stock Exchanges (FIBV), now
known as the World
Federation of Exchanges.
November 10
The Philippine Stock Exchange
Foundation, Inc. (PSEFI) was
incorporated.
1996
The PSE introduced the
Banking and Financial
Services Index to reflect
the financial environment
and the All Shares Index
that includes all listed
companies.
1997
December 15
The PSE went into scripless
trading after the Philippine
Central Depository finished
conversion of 293 active
issues into its book-entry
settlement system.
 1998
June 29
President Fidel V. Ramos
handed over the SEC
certificate that conferred the
SRO status to the PS
1999
September 6
PSE adopted and
implemented the International
Securities and Identification
Numbering system on the
MakTrade System.
November 15
PSE was conferred
membership in the
Association of National
Numbering Agencies in New
York, USA and became the
National Numbering Agency
for the Philippines.
2000
January 3
Securities Clearing
Corporation of the Philippines
(SCCP) started commercial
operations.
March 7
PSE's SRO status was
temporarily suspendeddue to
alleged irregularities arising
from the trading of BW
Resources Corporation (BW).
July 19
Republic Act No. 8799 or
Securities Regulation Code
(SRC) was signed into law
 2001
January 2
The implementing rules and
regulations of the SRC took
effect.
July 20
SME Board was launched.
August 3
PSE demutualized,
transforming from a nonstock,
member-governed
entity into a stock,
shareholder-based
organization.
2003
December 15
PSE shares were listed by way
of introduction.

2004
The exchange re-imposed the
collection of the transaction
fee of 1/200 of 1% on the
gross value for every buy and
sell transactions executed.
January 28
PSE sold 16.5% or 6,077,505
shares of its authorized capital
stock to strategic investors by
way of private placement.
September 22
The new minimum
commission rates become
effective.
2005
PSE implemented the Online
Disclosure System or the
ODiSY.

PSE added a new criterion,

tradability, for listed
companies to be included in
the Composite Index.
 2006
January 2
PSE revised the industry
classification of listed
companies according to its
major sources of revenue.

PSE shifted to use free float

market capitalization in
computing the index from the
use of full market
capitalization of listed stocks.

PSE changed the name of its

main indicator from PSE
Composite Index to PSE Index
(PSEi).
2007
The Exchange acquired the
Advanced Warning and
Control System.
August 24
Philippine Mineral Reporting
Code (PMRC) was formally
launched.
2008
August 6
PSE entered into a
memorandum of
understanding with NYSE
Euronext, and signed the new
system licence,
implementation and
maintenance with NYSE
Euronext Technology SAS.
August 22
The Personal Equity and
Retirement Account (PERA)
Law was signed by President
Gloria Macapagal-Arroyo.
September 24
PSE approved the
implementation of a circuit
breaker rule.
 2008
October 31
President Gloria Macapagal-
Arroyo signed into law the
Republic Act No. 9510 also
known as the Credit
Information System Act (CISA).
2009
January 15
PSE signed a memorandum of
agreement with the
Department of Education for
the integration of a capital
markets segment in the high
school curriculum.
June 30
President Arroyo signed into
law the Republic Act No. 9649.
December 17
Real Estate Investment Trust
(REIT) lapsed into law.
2010
March 24
PSE revised its rules on listing
by way of introduction.
July 26
The new trading system of PSE
known as PSEtrade was
launched.
November 30
The Amended Minimum Public
Ownership (MBO) Rule took
effect and became a
continuing listing requirement
for listed companies.
2011
PSE revised its policy on
managing the PSE Index series
September 22
PSE established its satellite
office in Cebu.
 2012
The Exchange implemented
whole day trading on the first
day of the year.
February 2
CMIC received its provisional
Self Regulatory Organization.
May 8
CMIC launched its new
surneillance system called
Total Market Surveillance
(TMS).
2013
PSE adopted a new listing
board structure.
April 2013
PSE launched its online service
bureau called PSETradex.
December 2
The first Exchange Traded
Fund, First Metro Philippine
Equity Traded Fund Inc.
(FMETF) was listed at the PSE.
Exchange released the list of
Shariah-complaint securities.

PSE was named the best stock

exchange in SouthEast Asia by
investment magazine
publisher Alpha SouthEast
Asia.
2014
PSE introduced the mobile
application format of its
disclosure platform, the PSE
Edge.
July 2014
PSE announced that it will be
adopting NASDAQ OMX's X-
Stream Trading Technology as
its trading technology.
 2015
PSE shifted to a new trading
system, the PSEtrade XTS.
2016
PSE was named again as the
Best Stock Exchange by the
institutional investment
magazine Alpha Southeast
Asia third times in four years.

Exchange received a
regulatory approval to
introduce new products in the
market.

They partner with De La Salle-

College of Saint Benilde(DLS-
CSB) School of Professional
and Continuing Education
(SPaCE) for the Certified
Securities Specialist Course
and the free stock market
seminar sessions.