Philippine Stock Exchange Adopts Nasdaq Eqlipse Trading to Enhance Market Infrastructure
Nasdaq (NDAQ) and The Philippine Stock Exchange (PSE) have announced an expansion of their technology partnership, with PSE upgrading to Nasdaq Eqlipse Trading, Nasdaq's most advanced trading platform. The fourth-generation platform offers modular functionality including pre-trade risk, advanced options pricing, and index calculations, with flexible cloud deployment options.
PSE President Ramon S. Monzon emphasized the strategic importance of maintaining a reliable trading system through this partnership. Nasdaq's technology is currently utilized by 97% of global systematically important banks, half of the world's top 25 stock exchanges, 35 central banks, and 3,800+ financial services clients. In the Philippines, Nasdaq provides additional services through its AxiomSL regulatory reporting platform and Nasdaq Calypso platform for capital market operations.
Nasdaq (NDAQ) e la Philippine Stock Exchange (PSE) hanno annunciato l'espansione della loro partnership tecnologica, con la PSE che aggiorna a Nasdaq Eqlipse Trading, la piattaforma di trading più avanzata di Nasdaq. Questa piattaforma di quarta generazione offre funzionalità modulari, tra cui la gestione del rischio pre-trade, la valutazione avanzata delle opzioni e il calcolo degli indici, con opzioni di distribuzione flessibili basate sul cloud.
Il presidente della PSE, Ramon S. Monzon, ha sottolineato l'importanza strategica di mantenere un sistema di trading affidabile grazie a questa collaborazione. La tecnologia Nasdaq è attualmente utilizzata dal 97% delle banche globali sistemicamente importanti, dalla metà delle prime 25 borse valori mondiali, da 35 banche centrali e da oltre 3.800 clienti nel settore finanziario. Nelle Filippine, Nasdaq offre inoltre servizi aggiuntivi tramite la piattaforma di segnalazione regolamentare AxiomSL e la piattaforma Nasdaq Calypso per le operazioni di mercato dei capitali.
Nasdaq (NDAQ) y la Bolsa de Valores de Filipinas (PSE) han anunciado la expansión de su asociación tecnológica, con la PSE actualizándose a Nasdaq Eqlipse Trading, la plataforma de trading más avanzada de Nasdaq. Esta plataforma de cuarta generación ofrece funcionalidades modulares que incluyen gestión de riesgos antes de la operación, precios avanzados de opciones y cálculos de índices, con opciones flexibles de implementación en la nube.
El presidente de la PSE, Ramon S. Monzon, destacó la importancia estratégica de mantener un sistema de trading confiable a través de esta colaboración. La tecnología de Nasdaq es actualmente utilizada por el 97% de los bancos globales sistémicamente importantes, la mitad de las 25 principales bolsas de valores del mundo, 35 bancos centrales y más de 3,800 clientes del sector financiero. En Filipinas, Nasdaq ofrece servicios adicionales mediante su plataforma de reporte regulatorio AxiomSL y la plataforma Nasdaq Calypso para operaciones en el mercado de capitales.
나스닥(NDAQ)과 필리핀 증권거래소(PSE)는 기술 파트너십을 확장한다고 발표했으며, PSE는 나스닥의 가장 진보된 거래 플랫폼인 Nasdaq Eqlipse Trading으로 업그레이드합니다. 4세대 플랫폼은 사전 거래 위험 관리, 고급 옵션 가격 책정, 지수 계산 등 모듈형 기능을 제공하며 유연한 클라우드 배포 옵션을 갖추고 있습니다.
PSE의 회장인 라몬 S. 몬존은 이 파트너십을 통해 신뢰할 수 있는 거래 시스템을 유지하는 전략적 중요성을 강조했습니다. 나스닥 기술은 현재 전 세계 체계적으로 중요한 은행의 97%, 세계 상위 25개 증권거래소의 절반, 35개 중앙은행 및 3,800개 이상의 금융 서비스 고객이 사용하고 있습니다. 필리핀에서는 나스닥이 AxiomSL 규제 보고 플랫폼과 자본 시장 운영을 위한 Nasdaq Calypso 플랫폼을 통해 추가 서비스를 제공합니다.
Nasdaq (NDAQ) et la Philippine Stock Exchange (PSE) ont annoncé l'expansion de leur partenariat technologique, la PSE passant à Nasdaq Eqlipse Trading, la plateforme de trading la plus avancée de Nasdaq. Cette plateforme de quatrième génération offre des fonctionnalités modulaires, incluant la gestion des risques avant transaction, la tarification avancée des options et le calcul des indices, avec des options flexibles de déploiement dans le cloud.
Le président de la PSE, Ramon S. Monzon, a souligné l'importance stratégique de maintenir un système de trading fiable grâce à ce partenariat. La technologie de Nasdaq est actuellement utilisée par 97 % des banques systémiquement importantes au niveau mondial, la moitié des 25 principales bourses mondiales, 35 banques centrales et plus de 3 800 clients dans les services financiers. Aux Philippines, Nasdaq fournit également des services supplémentaires via sa plateforme de reporting réglementaire AxiomSL et la plateforme Nasdaq Calypso pour les opérations sur les marchés de capitaux.
Nasdaq (NDAQ) und die Philippine Stock Exchange (PSE) haben die Erweiterung ihrer Technologiepartnerschaft bekannt gegeben, wobei die PSE auf Nasdaq Eqlipse Trading aufrüstet, die fortschrittlichste Handelsplattform von Nasdaq. Die Plattform der vierten Generation bietet modulare Funktionen wie Vorhandelsrisikomanagement, fortschrittliche Optionspreisgestaltung und Indexberechnungen mit flexiblen Cloud-Bereitstellungsoptionen.
Der Präsident der PSE, Ramon S. Monzon, betonte die strategische Bedeutung der Aufrechterhaltung eines zuverlässigen Handelssystems durch diese Partnerschaft. Die Technologie von Nasdaq wird derzeit von 97 % der weltweit systemrelevanten Banken, der Hälfte der 25 größten Börsen der Welt, 35 Zentralbanken und über 3.800 Finanzdienstleistungskunden genutzt. In den Philippinen bietet Nasdaq zudem zusätzliche Dienstleistungen über seine AxiomSL-Regulierungsberichtsplattform und die Nasdaq Calypso-Plattform für Kapitalmarktoperationen an.
- Expansion of technology partnership with Philippine Stock Exchange enhances Nasdaq's presence in the ASEAN region
- Platform upgrade provides new revenue opportunities through modular functionality offerings
- Strengthens Nasdaq's position in global market infrastructure, serving 97% of systematically important banks
- Diversified service offering in Philippines through multiple platforms (Eqlipse, AxiomSL, Calypso)
- Significant investment required for platform development over a five-year cycle
- Gradual rollout process may impact immediate revenue recognition
Insights
Nasdaq strengthens market position in Philippines through PSE platform upgrade deal, expanding recurring revenue streams in Asia-Pacific region.
The Philippine Stock Exchange's adoption of Nasdaq's Eqlipse Trading platform represents a significant win for Nasdaq's market technology business. This fourth-generation platform deployment demonstrates Nasdaq's successful execution of its technology modernization strategy and strengthens its recurring revenue streams from infrastructure services.
The deal has several strategic implications for Nasdaq. First, it deepens Nasdaq's footprint in the fast-growing ASEAN region, particularly within the Philippines' financial services ecosystem. Beyond just trading infrastructure, Nasdaq has established multiple technology touchpoints across Philippine financial institutions with its AxiomSL regulatory reporting and Calypso capital markets platforms.
What's particularly valuable is how this implementation showcases Nasdaq's technology evolution strategy. The Eqlipse platform represents the culmination of a five-year investment cycle, creating a modular, interoperable system with flexible deployment options including cloud capabilities. This positions Nasdaq to capture additional revenue through complementary services like pre-trade risk management, options pricing, and index calculations.
The agreement also reinforces Nasdaq's global market dominance in financial infrastructure technology. According to the release, Nasdaq now powers 97% of globally systemically important banks, half of the top 25 exchanges, and 35 central banks. This extensive network creates powerful network effects and significant barriers to entry for competitors in the financial technology space.
For investors, this deal validates Nasdaq's strategic shift toward becoming a technology solutions provider rather than just an exchange operator, creating more predictable, higher-margin revenue streams that are increasingly valued in the market.
Upgrade to Nasdaq Eqlipse Trading will enhance liquidity and resilience of Philippine marketplace
Expands Nasdaq’s deep technology footprint across the country’s financial services industry
MANILA and NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) and The Philippine Stock Exchange, Inc. (PSE) today announced a significant expansion of their technology partnership, which will see PSE upgrade its trading infrastructure to Nasdaq's most advanced platform, Nasdaq Eqlipse Trading.
Nasdaq Eqlipse represents Nasdaq's investments to modernize, standardize, and strengthen its platform capabilities, application architecture, APIs, and product integration. The modular trading platform allows market operators to incorporate complementary functionality, including pre-trade risk, advanced options pricing, and index calculations, with a flexible deployment model to help reduce operational heavy lifting and provide optionality around cloud adoption.
“With technology as a key area in our strategic agenda, it is important for PSE to work with a trusted service provider of market technologies. Given this, PSE opted to renew its partnership with Nasdaq to ensure continuity in offering a dependable trading system that meets all our current and future requirements,” said PSE President and CEO Ramon S. Monzon.
The recently launched Nasdaq Eqlipse platform is the fourth generation of its suite of multi-asset marketplace technology platforms, marking a major milestone in the company's five-year cycle of investment to develop and gradually roll out a fully interoperable suite of proven solutions across trading, clearing, central securities depository, and data intelligence. The harmonized portfolio enhances Nasdaq's ability to form deeper strategic technology partnerships with its clients, including more than 135 infrastructure providers around the world.
"The launch of Nasdaq Eqlipse following years of investment and development to reinforce our ability to enhance liquidity, transparency and integrity across global capital markets," said Magnus Haglind, Head of Marketplace Technology at Nasdaq. "Our technology partnership with PSE will help strengthen its market infrastructure, and we're excited to support their efforts to elevate Philippine capital markets on the global stage."
Modernizing the Philippine financial services ecosystem
Nasdaq holds deep technology partnerships across the Philippines, helping to drive modernization throughout the country’s financial services industry. In addition to providing market infrastructure, Nasdaq’s AxiomSL data and regulatory reporting platform helps both domestic and global institutions comply with their regulatory obligations, while its Nasdaq Calypso platform helps clients simplify their capital market operations.
R.G. Manalac, Senior Vice President, Asia Pacific at Nasdaq added: “Our growing presence in the Philippines complements the country’s extraordinary development as one of the fastest growing economies in the ASEAN region. With growth of course comes challenges and we are excited to be working with leading domestic and global banks in the Philippines as they continue to innovate and scale in this digital and increasingly AI driven age. Our solutions spanning across capital markets, regulation, and risk management continue to prove critical as these firms look to expand their businesses in a scalable and efficient manner.”
Around the world, Nasdaq's technology is used by
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
About PSE:
The Philippine Stock Exchange, Inc. (PSE) and its subsidiaries operate the equities exchange, fixed income exchange, and the central securities depository. It provides a platform for capital-raising and investing, steering company expansion and economic development and supporting inclusive growth through wealth creation among investors.
Media Contacts:
Andrew Hughes; +44 (0)7443 100896; Andrew.Hughes@nasdaq.com
Camille Stafford; +1 (234) 934 9513; Camille.Stafford@nasdaq.com
Martha Vinzons; +63 (2) 8876 4888; mhvinzons@pse.com.ph
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Cautionary Note Regarding Forward-Looking Statements:
Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “will” and “allows” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the benefits of Nasdaq’s Eclipse platform and its partnership with PSE. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
A photos accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1312a862-2b03-4304-94c9-9884026a34fc
FAQ
What is Nasdaq Eqlipse Trading and what features does it offer?
How many clients does Nasdaq's technology serve globally?
What services does Nasdaq provide in the Philippines besides trading infrastructure?
Why did the Philippine Stock Exchange choose to upgrade to Nasdaq Eqlipse Trading?
