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New PSE President eyes PDS acquisition in 3 months

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ABS-CBN News

MANILA - Incoming Philippine Stock Exchange President Ramon Monzon said Saturday he would prioritize the bourse&#x27;s acquisition of the Philippine Dealing System in his first 3 months in office. Regulatory requirements are the main hurdles to the unification of the two platforms, which has been in the works since 2014, Monzon said immediately after his election to succeed outgoing PSE President Hans Sicat. Monzon said documents were submitted to the Philippine Competition Commission, to convince the country&#x27;s anti-trust watchdog, that the merge would improve market conditions. If the acquisition pushes through, the Philippines will join other economies where securities and fixed income are traded on one platform. If PDS shareholders agree to the deal, it could be worth P2 billion, Monzon said.-report from Warren de Guzman, ABS-CBN News

MANILA - Incoming Philippine Stock Exchange President Ramon Monzon said Saturday he would prioritize the bourse's acquisition of the Philippine Dealing System in his first 3 months in office.

MANILA - Incoming Philippine Stock Exchange President Ramon Monzon said Saturday he would prioritize the bourse's acquisition of the Philippine Dealing System in his first 3 months in office.