Antonio A. Picazo

The Philippine Dealing and Exchange Corp (PDEx) is licensed by the Securities and Exchange Commission (SEC) as an Exchange under the provisions of the Securities Regulation Code (SRC). In this capacity, PDEx provides a centralized & efficient infrastructure for trading securities which ensures price discovery, transparency and investor protection. In July 2006, SEC formally recognized PDEx as a Self-Regulatory Organization (SRO) in the Inter-Dealer Market and is thus vested with the responsibility of formulating the requisite market rules, undertaking surveillance and enforcing compliance in the inter-dealer market. In November 2007, the SEC expanded the SRO registration of PDEx to cover the Inter-Professional Market, and in February 2008, its SRO authority was expanded to cover its members in all markets within the PDEx Trading Systems. Trading on the PDEx platform is done through a state-of-the-art trading engine called X-Stream that was developed by Computershare Markets Technology and customized for Philippine market conditions. Trading Participants are provided a front-end system (the Fixed Income Trading Workstation, FITW) through which quotes can be entered and/or amended and where transactions are eventually executed. The electronic system displays live bid and offer quotes and publishes transaction data to Trading Participants allowing for price discovery. In addition, real-time fixed income market information is published on subscription basis through the PDEx MarketPage locally, and through PDEx data pages on REUTERS globally.

Picazo Buyco Tan Fider & Santos is a Filipino company that provides legal services. The private company is based in Makati, Philippines.

Picazo Buyco Tan Fider & Santos is a Filipino company that provides legal services. The private company is based in Makati, Philippines.

Picazo Buyco Tan Fider & Santos is a Filipino company that provides legal services. The private company is based in Makati, Philippines.

Picazo Buyco Tan Fider & Santos is a Filipino company that provides legal services. The private company is based in Makati, Philippines.

Picazo Buyco Tan Fider & Santos is a Filipino company that provides legal services. The private company is based in Makati, Philippines.

Picazo Buyco Tan Fider & Santos is a Filipino company that provides legal services. The private company is based in Makati, Philippines.

Picazo Buyco Tan Fider & Santos is a Filipino company that provides legal services. The private company is based in Makati, Philippines.

The Philippine Dealing and Exchange Corp (PDEx) is licensed by the Securities and Exchange Commission (SEC) as an Exchange under the provisions of the Securities Regulation Code (SRC). In this capacity, PDEx provides a centralized & efficient infrastructure for trading securities which ensures price discovery, transparency and investor protection. In July 2006, SEC formally recognized PDEx as a Self-Regulatory Organization (SRO) in the Inter-Dealer Market and is thus vested with the responsibility of formulating the requisite market rules, undertaking surveillance and enforcing compliance in the inter-dealer market. In November 2007, the SEC expanded the SRO registration of PDEx to cover the Inter-Professional Market, and in February 2008, its SRO authority was expanded to cover its members in all markets within the PDEx Trading Systems. Trading on the PDEx platform is done through a state-of-the-art trading engine called X-Stream that was developed by Computershare Markets Technology and customized for Philippine market conditions. Trading Participants are provided a front-end system (the Fixed Income Trading Workstation, FITW) through which quotes can be entered and/or amended and where transactions are eventually executed. The electronic system displays live bid and offer quotes and publishes transaction data to Trading Participants allowing for price discovery. In addition, real-time fixed income market information is published on subscription basis through the PDEx MarketPage locally, and through PDEx data pages on REUTERS globally.

The Philippine Dealing and Exchange Corp (PDEx) is licensed by the Securities and Exchange Commission (SEC) as an Exchange under the provisions of the Securities Regulation Code (SRC). In this capacity, PDEx provides a centralized & efficient infrastructure for trading securities which ensures price discovery, transparency and investor protection. In July 2006, SEC formally recognized PDEx as a Self-Regulatory Organization (SRO) in the Inter-Dealer Market and is thus vested with the responsibility of formulating the requisite market rules, undertaking surveillance and enforcing compliance in the inter-dealer market. In November 2007, the SEC expanded the SRO registration of PDEx to cover the Inter-Professional Market, and in February 2008, its SRO authority was expanded to cover its members in all markets within the PDEx Trading Systems. Trading on the PDEx platform is done through a state-of-the-art trading engine called X-Stream that was developed by Computershare Markets Technology and customized for Philippine market conditions. Trading Participants are provided a front-end system (the Fixed Income Trading Workstation, FITW) through which quotes can be entered and/or amended and where transactions are eventually executed. The electronic system displays live bid and offer quotes and publishes transaction data to Trading Participants allowing for price discovery. In addition, real-time fixed income market information is published on subscription basis through the PDEx MarketPage locally, and through PDEx data pages on REUTERS globally.

Picazo Buyco Tan Fider & Santos is a Filipino company that provides legal services. The private company is based in Makati, Philippines.

Picazo Buyco Tan Fider & Santos is a Filipino company that provides legal services. The private company is based in Makati, Philippines.

Picazo Buyco Tan Fider & Santos is a Filipino company that provides legal services. The private company is based in Makati, Philippines.

The Philippine Dealing and Exchange Corp (PDEx) is licensed by the Securities and Exchange Commission (SEC) as an Exchange under the provisions of the Securities Regulation Code (SRC). In this capacity, PDEx provides a centralized & efficient infrastructure for trading securities which ensures price discovery, transparency and investor protection. In July 2006, SEC formally recognized PDEx as a Self-Regulatory Organization (SRO) in the Inter-Dealer Market and is thus vested with the responsibility of formulating the requisite market rules, undertaking surveillance and enforcing compliance in the inter-dealer market. In November 2007, the SEC expanded the SRO registration of PDEx to cover the Inter-Professional Market, and in February 2008, its SRO authority was expanded to cover its members in all markets within the PDEx Trading Systems. Trading on the PDEx platform is done through a state-of-the-art trading engine called X-Stream that was developed by Computershare Markets Technology and customized for Philippine market conditions. Trading Participants are provided a front-end system (the Fixed Income Trading Workstation, FITW) through which quotes can be entered and/or amended and where transactions are eventually executed. The electronic system displays live bid and offer quotes and publishes transaction data to Trading Participants allowing for price discovery. In addition, real-time fixed income market information is published on subscription basis through the PDEx MarketPage locally, and through PDEx data pages on REUTERS globally.

The Philippine Dealing and Exchange Corp (PDEx) is licensed by the Securities and Exchange Commission (SEC) as an Exchange under the provisions of the Securities Regulation Code (SRC). In this capacity, PDEx provides a centralized & efficient infrastructure for trading securities which ensures price discovery, transparency and investor protection. In July 2006, SEC formally recognized PDEx as a Self-Regulatory Organization (SRO) in the Inter-Dealer Market and is thus vested with the responsibility of formulating the requisite market rules, undertaking surveillance and enforcing compliance in the inter-dealer market. In November 2007, the SEC expanded the SRO registration of PDEx to cover the Inter-Professional Market, and in February 2008, its SRO authority was expanded to cover its members in all markets within the PDEx Trading Systems. Trading on the PDEx platform is done through a state-of-the-art trading engine called X-Stream that was developed by Computershare Markets Technology and customized for Philippine market conditions. Trading Participants are provided a front-end system (the Fixed Income Trading Workstation, FITW) through which quotes can be entered and/or amended and where transactions are eventually executed. The electronic system displays live bid and offer quotes and publishes transaction data to Trading Participants allowing for price discovery. In addition, real-time fixed income market information is published on subscription basis through the PDEx MarketPage locally, and through PDEx data pages on REUTERS globally.

The Philippine Dealing and Exchange Corp (PDEx) is licensed by the Securities and Exchange Commission (SEC) as an Exchange under the provisions of the Securities Regulation Code (SRC). In this capacity, PDEx provides a centralized & efficient infrastructure for trading securities which ensures price discovery, transparency and investor protection. In July 2006, SEC formally recognized PDEx as a Self-Regulatory Organization (SRO) in the Inter-Dealer Market and is thus vested with the responsibility of formulating the requisite market rules, undertaking surveillance and enforcing compliance in the inter-dealer market. In November 2007, the SEC expanded the SRO registration of PDEx to cover the Inter-Professional Market, and in February 2008, its SRO authority was expanded to cover its members in all markets within the PDEx Trading Systems. Trading on the PDEx platform is done through a state-of-the-art trading engine called X-Stream that was developed by Computershare Markets Technology and customized for Philippine market conditions. Trading Participants are provided a front-end system (the Fixed Income Trading Workstation, FITW) through which quotes can be entered and/or amended and where transactions are eventually executed. The electronic system displays live bid and offer quotes and publishes transaction data to Trading Participants allowing for price discovery. In addition, real-time fixed income market information is published on subscription basis through the PDEx MarketPage locally, and through PDEx data pages on REUTERS globally.

Picazo Buyco Tan Fider & Santos is a Filipino company that provides legal services. The private company is based in Makati, Philippines.