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MANILA, Philippines – The Philippine Stock Exchange (PSE) is seeking feedback on a proposal to introduce a negotiated trades facility, a move aimed at filling what it described as an operational gap in the execution of prearranged transactions in the local market.
Under the proposal open for comments until July 7, negotiated trades will serve as a variant of the existing block sale framework, allowing investors and trading participants to execute prearranged transactions that currently fall outside available trading mechanisms.
READ: PSE drafts new market-making standards
At present, regular block sales require a minimum transaction value of P20 million and must be priced within 5 percent above or below the reference price. Special block sales, meanwhile, require transactions worth at least P50 million.
