Philippine Stock Exchange

The Philippine Stock Exchange, Inc. is the national stock exchange of the Philippines. The exchange was created in 1992 from the merger of the Manila Stock Exchange and the Makati Stock Exchange. Including previous forms, the exchange has been in operation since 1927.The main index for PSE is the PSE Composite Index (PSEi) composed of thirty (30) listed companies. The selection of companies in the PSEi is based on a specific set of criteria. There are also six additional sector-based indices. The PSE is overseen by a 15-member Board of Directors, chaired by José T. Pardo.HistoryOn February 3, 1936, the Securities and Exchange Commission announced that it had "relinquished control of the Manila Stock Exchange."The Philippine Stock Exchange was formed on December 23, 1992 from the merger of the Manila Stock Exchange (MSE) (established on August 12, 1927) and the Makati Stock Exchange (MkSE) (established on May 15, 1963). Both exchanges traded the same stocks of the same companies.In June 1998, the Securities and Exchange Commission (SEC) granted the PSE a "Self-Regulatory Organization" (SRO) status, which meant that the bourse can implement its own rules and establish penalties on erring trading participants (TPs) and listed companies.In 2001, the PSE was transformed from a non-profit, non-stock, member-governed organization into a shareholder-based, revenue-earning corporation headed by a president and a board of directors and on December 15, 2003 listed its own shares on the exchange (traded under the ticker symbol PSE).