PSE allows e-wallets to attract retail investors

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Photo from:Manila Bulletin

By Manila Bulletin

The Philippine Stock Exchange is aiming to get more retail investors to participate in the local stock market by opening up access to market data as well as allowing the use of e-wallets to purchase shares of listed firms.

According to PSE President Ramon S. Monzon, this technology initiative — a data analytics platform — will be unveiled by the bourse in the fourth quarter of the year to “democratize” access to market data which is usually available only by subscription to service providers.

Monzon said this initiative is the answer to the need of retail for market data that can help them make informed decisions when buying or selling stocks.

Also part of the PSE’s efforts to widen access to the local stock market is by allowing investors to use e-wallets for their investments starting with a partnership with GCash.

In collaboration with the PSE, GCash is launching GStocks, an in-app stock trading platform, powered by one of the most reputable brokerages in the country, AB Capital Securities.

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