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Philippines’ Bourse Shuts Trading Floor as Punters Favor Digital

The trading floor of the Philippine Stock Exchange in Bonifacio Global City (BGC), Metro Manila, 2018.

The trading floor of the Philippine Stock Exchange in Bonifacio Global City (BGC), Metro Manila, 2018.

Photographer: Carlo Gabuco/Bloomberg

The Philippine Stock Exchange Inc will permanently close its trading floor after the pandemic hastened its migration to “floorless trading” amid a digital shift that’s changing the operations of capital markets.

The ruckus of a trading floor at one of Asia’s oldest bourses, which goes back to 1927, will give way to a more “efficient and responsive” set-up to meet the “needs of the investing public,” bourse President Ramon Monzon said in a statement.