The History of the Philippine Stock Exchange

From Traditional Trading to a Modern, Floorless Market

Timeline

1. 11927 — Manila Stock ExchangeThe Manila Stock Exchange was established, marking the beginning of organized stock trading in the Philippines.
2. 21963 — Makati Stock ExchangeA second stock exchange was established in Makati.
3. 31992 — Philippine Stock Exchange is FormedThe Manila and Makati Stock Exchanges agreed to unify under the Philippine Stock Exchange. (MSE + MkSE → PSE)
4. 41994 — Unified ExchangeThe PSE began operating as the unified national stock exchange, linking the two trading floors into one market.
5. 51995 — Unified Trading SystemThe PSE introduced a system that allowed orders to be posted and matched through a single order book.
6. 61997 — Scripless TradingThe PSE shifted securities from physical certificates to a book-entry system. (📄 Physical Certificates → 💻 Digital Records)
7. 72001 — DemutualizationThe PSE became a stock, shareholder-based corporation.
8. 82018 — PSE TowerThe PSE Tower, BGC.