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The Philippine Stock Exchange has announced it will adopt Nasdaq’s Eqlipse Trading platform as part of a major technology upgrade, deepening its strategic partnership with the global market infrastructure provider.
The rollout positions PSE to enhance its trading operations with modernized architecture and expand its platform capabilities across asset classes.
“One of the fastest growing economies in the ASEAN region”
Ramon S. Monzon, President and CEO of the PSE, commented, “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.”
Nasdaq Eqlipse represents the latest generation of Nasdaq’s trading technology, offering a modular system architecture that allows exchanges to integrate pre-trade risk controls, advanced pricing engines, index calculations, and flexible deployment options, including cloud support. According to Nasdaq, this modularity reduces operational complexity for market operators while allowing them to scale services as needed.
Magnus Haglind, Head of Marketplace Technology at Nasdaq, said, “The launch of Nasdaq Eqlipse follows years of investment and development to reinforce our ability to enhance liquidity, transparency and integrity across global capital markets. 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.”
The transition to Nasdaq Eqlipse is part of Nasdaq’s broader five-year development cycle that consolidates its marketplace offerings into a fully interoperable suite across trading, clearing, settlement, and data services. With over 135 infrastructure partnerships globally, Nasdaq aims to enable clients to adopt future-ready technologies across the financial services stack.
The Philippines has become a focal point for Nasdaq in Southeast Asia, where the company is also deploying data and regulatory compliance tools such as its AxiomSL platform. In addition, Nasdaq’s Calypso offering helps local and international banks streamline capital market operations.
R.G. Manalac, Senior Vice President for 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.”
Nasdaq’s infrastructure supports 97 percent of globally systemically important banks, half of the world’s top 25 stock exchanges, and numerous central banks and regulators. The adoption of Eqlipse by the PSE is expected to increase the operational resilience and international competitiveness of the Philippine capital markets as the exchange continues to modernize its digital infrastructure.
