PSE’s securities clearing arm migrates to new system

The securities clearing arm of the Philippine Stock Exchange completed its migration to a system, promising enhanced settlement capabilities. | miguelrcamusINQ /PDI

The Millennium Clearing and Millennium Risk products are provided by LSEG Technology, a subsidiary of the London Stock Exchange Group, the bourse said.

According to the PSE, the new clearing and settlement system can accommodate multi-currency assets and is capable of settlement of multiple trade dates in a single settlement date. Moreover, the system was connected to the PSE’s trading engine. This will make “real time marking to market possible in the future.”

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