Source: Atos Euronext Market Solutions
Atos Euronext Market Solutions (AEMS) and the Philippine Stock Exchange (PSE) have signed a Letter of Intent (LOI) to implement the latest version of AEMS' NSC trading system.
The PSE is intending to upgrade to the NSC matching engine, which offers flexibility, as well as high-performance, low-latency capabilities. NSC's Linux platform provides low overall cost of ownership, as well as scalability to meet the future demands of the PSE. A modern trader workstation solution provides advanced front-end trading features, together with a web-based option for access from remote parts of the Philippines. NSC is a leader in the world's financial markets thanks to the breadth of its functional scope and its cost-effectiveness.
Stanley Young, Chairman and CEO of AEMS, said: "We are delighted that the PSE have chosen our solution. We look forward to working closely with the PSE to build the new stock exchange platform, based on our state-of-the-art technology and depth of expertise."
"We're pleased to have AEMS on board to provide us with the best technical solutions for our needs," said Mr. Francis Lim, PSE President and Chief Executive Officer. "Receiving support and advice from AEMS will significantly enhance our systems operations, broaden our product offerings, and help us develop new businesses. This agreement, thus, is consistent with PSE's program to adopt world-class systems and standards that are necessary to achieve our vision as a premier exchange."