KRX To Supply The Philippines SEC With New Market Surveillance System
On Tuesday, Feb. 26 in Manila Philippines, the Korea Exchange(KRX) and the Philippine Securities and Exchange Commission(SEC) signed a contract to export KRX's cutting-edge Market Surveillance System to the Philippine markets. This contract was signed by KRX Chairman & CEO Bongsoo Kim and Philippine SEC Chairperson Teresita J. Herbosa. This is the second event that KRX has exported its IT systems to the Philippines in the wake of the Capital Markets Integrity Corporation(CMIC)-subsidiary of Philippine Stock Exchange (PSE) - contract.
This project includes the bond market surveillance system operated by the Philippine Dealing & Exchange Corporation(PDEX) as well as the stock market surveillance system.
This deal with the Philippine SEC is the first case where KRX has become a supplier for a regulator. Furthermore, this is the first success case a Korean company has won an open bid contract from the Philippine government. KRX expects more Korea companies to participate in such tenders actively in the future. (KRX)