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In ceremonies held recently during its First Annual Achievement Awards,
Philippine Dealing and Exchange Corporation (PDEX), represented by its Chair Mr. Vicente B. Castillo, recognized five institutions for their active participation in the country’s first and only Fixed Income Exchange.
PDEX, an undertaking backed by the Bankers Association of the Philippines
(BAP) and the Investment House Association of the Philippines (IHAP) seeks to further develop the country’s capital markets by providing a dealing platform for market participants to transact fixed income securities at the best possible prices. With the establishment of a centralized exchange for fixed income securities, debt issuers and investors alike are assured of market depth and liquidity for these instruments.
PDEX conferred the top award to Security Bank Corporation (SBC)
for garnering the highest volume of trading among the Top Five
Most Active Trading Participants of the Exchange for 2005.
The award was in recognition of Security Bank’s active role in advancing the capital market by generating the highest peso value of trades in government securities executed on the PDEx Interdealer Negotiated Trading System. Apart from Security Bank, four other peer banks were likewise cited for their active participation in PDEx namely: BPI,
Chinabank, HSBC and Metrobank.
Photo shows from left: Cesar B. Crisol, President and COO of
PDEx,
Cesar EA. Virata, PDS Group Head, Fe Barin, SEC Commissioner, with Security Bank President and CEO
Alberto S. Villarosa, EVP- Treasury, Bobby Reyes and VP-Fixed Income Distribution Division,
Oslec Lopez, and Vicente B. Castillo, President and CEO of PDS Group at the awarding ceremonies held at the Filipinas Heritage Library in Makati City. |
