First Metro Securities Brokerage Corporation has joined the SunGard Global Network (SGN), gaining access to the network's more than 2,000 buy-side firms and more than 530 sell-side institutions around the world.
First Metro Securities is SGN’s first broker based in the Philippines providing the SGN user community with direct access to trade securities listed on the Philippine Stock Exchange.
“According to World Federation of Exchanges data, the Philippine Stock Exchange was one of the strongest performers in the Asia-Pacific region in 2012, with a 39 percent growth rate for the year. PSE is now attracting investors globally and First Metro Securities is committed to helping the exchange expand. To continue growing PSE and to help solidify our position in the region, First Metro Securities is utilizing the SunGard Global Network to offer our clients reliable technology and fast connectivity, and to leverage SunGard’s strong ASEAN regional expertise.” – President of First Metro Securities Brokerage Corporation, Gonzalo G. Ordoñez
“The ASEAN region continues to attract interest from investors globally, who are keen to take advantage of persistent growth, increased economic liberalization and the rise of its ‘consumer market society.’ SunGard believes the expansion of financial firms to help serve regional and foreign market participants will likely continue steadily.” - Philippe Carré, global head of connectivity, SunGard’s capital markets business
According to year-to-date data from PSE, First Metro Securities ranks 16th among the total active trading participants on the exchange. First Metro Securities is a wholly owned stock brokerage company of First Metro Investment Corporation, the investment banking arm of the Metrobank Group.
The SunGard Global Network helps automate the entire trade lifecycle. It facilitates trading around the world, connects with major third-party order-routing networks, and delivers low-latency global market data.