1. PHILIPPINE STOCK EXCHANGE

2. BACKGROUND
The Philippine Stock Exchange, Inc. ("PSE" or the "Exchange") is a private non-profit and non-stock organization created to provide and ensures a fair, efficient, transparent and orderly market for the purchase and sale of securities such as stocks, warrants, bonds, options and others. (Knowing the Philippine Stock Exchange, 1999)

3. BACKGROUND
At present, PSE maintains two trading floors -- one in Makati City and another in its head office in Pasig City. Even with two trading floors, PSE maintains a "one-price, one-market" exchange through the MakTrade System.

4. BOARD OF DIRECTORS

5. ROLES
brings together companies which aim to raise capital through the issue of new securities
the PSE plays a vital role in the financing of productive enterprises that use the funds for growth and expansion of new jobs. It is therefore essential to the growth of the Philippine economy.

6. ROLES
facilitates the selling and buying of the issued stocks and warrants
It provides a suitable market for the trading of securities to individuals and organizations seeking to invest their saving or excess funds through the purchase of securities.

7. ROLES the PSE has committed itself to:
(a) protecting the interest of the investing public; and
(b) developing and maintaining an efficient, fair, orderly and transparent market.

8. SIGNIFICANCE
It provides and ensures a fair, efficient, transparent and orderly market for the buying and selling of securities for investors and stakeholders.
It address public demand for speedy access to information on the securities market
It offers transparency of listed companies and ensures full, fair, timely and accurate disclosure of material information from all listed companies.

9. SIGNIFICANCE
It provides comprehensive market data, stock quotations, dividend declarations, trading activities, and other pertinent information on the PSE, trading participants, listed companies and other institutions.
It is a critical factor in improving settlement efficiency, increasing market liquidity and development of derivative instruments.
(Knowing the Philippine Stock Exchange, 1999)

10. TRADING CYCLE

11. TRADING HOURS
Playing of the National Anthem   8:45a.m.     Pre-open Period     9:00a.m. - 9:30a.m.     Calculation of Open Price/Market Open  9:30a.m.     Regular Trading Period  9:30a.m.- 12:00noon     Closing Time    12:00 noon 
A ten (10) minute extension from closing time shall be allowed to execute orders at closing prices.

12. CONTACT INFORMATION
Public Information and Assistance Center Ground Floor, Philippine Stock Exchange Centre
Exchange Road, Ortigas Center Pasig City 1605, Philippines

13. Angeles, Ann
Dy, Maripet
Javier, Aldrin
Madriaga,Ronellyn
Soriao, Clarisse
Turbela, Jennifer
3FM3