WEBWIRE — Friday, January 5, 2024
The Philippine Stock Exchange, Inc. (PSE or Exchange) want to supply the marketplace with updates on the findings that triggered the Exchange to stop trading on January 3, 2024, from 9:32 a.m. to 11:55 a.m.
The technical issue came across was the failure of a minimum of one-third (1/3) of the trading individuals (TPS) to link to PSEs front-end order management system (FEOMS) and for a few of these TPs, the failure to send out orders to the trading system. The FEOMS sends out purchase and offer orders for processing to the trading system.
The underlying reason for the abovementioned issue remained in relation to the mobile trading application and its procedure of verifying all accounts, consisting of the non-active ones that have actually not accessed their accounts or signed up any trading activity. This occurred in among the 4 silos in the FEOMS, which experienced stalled procedures provided the iterative authentication actions.
The Exchange and the FEOMS designer have actually carried out a style optimization on the mobile trading application and are vigilantly dealing with additional improvements for release to avoid a reoccurrence of the concern.
PSE stays unfaltering in its dedication to engage with all stakeholders and company towards constantly enhancing and future-proofing its items, systems, and services for the investing public.
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