Philippine Stock Exchange

The Philippine Stock Exchange (Filipino: Pamilihang Sapi ng Pilipinas; PSE: PSE) is the national stock exchange of the Philippines. It has been in continuous operation since its inception in 1927. Currently, it maintains two trading floors in Metro Manila: one at its headquarters at the PSE Plaza Ayala Triangle, Ayala Tower One in the Makati Central Business District; and one at the Philippine Stock Exchange Centre (Tektite Towers), Ortigas Center in Pasig. Construction of the Philippine Stock Exchange office tower in Bonifacio Global City is expected to be completed by mid-2016. The PSE is overseen by a 15-member Board of Directors, chaired by José T. Pardo.

The main index for PSE is the PSE Composite Index (PSEi) composed of thirty (30) listed companies. The selection of companies in the PSEi is based on a specific set of criteria. There are also six additional sector-based indices.

Trading on the PSE pre-opens at (all times PHT:) 9:00 am; opens at 9:30 am; is in recess between 12:00 and 1:30 pm; pre-closes at 3:15 pm; in run-off from 3:20 pm; and closes at 3:30 pm.

Stock exchange

A stock exchange or bourse is an exchange where stock brokers and traders can buy and/or sell stocks (also called shares), bonds, and other securities. Stock exchanges may also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets, with buyers and sellers consummating transactions at a central location, such as the floor of the exchange.

To be able to trade a security on a certain stock exchange, it must be listed there. Usually, there is a central location at least for record keeping, but trade is increasingly less linked to such a physical place, as modern markets use electronic networks, which gives them advantages of increased speed and reduced cost of transactions. Trade on an exchange is restricted to brokers who are members of the exchange. In recent years, various other trading venues, such as electronic communication networks, alternative trading systems and "dark pools" have taken much of the trading activity away from traditional stock exchanges.

Stock Exchange (song)

"Stock Exchange" is the third single from the duo Miss Kittin & The Hacker's debut album First Album.

Writing and inspiration

Lyrically, "Stock Exchange" deals with the life of a high end Wall Street businesslady. The lyrics support this, including how the men "touch her bum in the lift of the Empire State [building]". And also the lyrics, "Is it real this pink punk costume I wear? All the time to seduce Japanese 'hommes d'affaire' [English:businessmen]." She also has suicidal ideations as she sings that she is "dreaming of a hot bath, cutting my veins."

Composition

"Stock Exchange" is credited as an electroclash song with disco and rave influences.

Critical reception

Mark Beaumont of NME said that Miss Kittin "monotones like a German robot Cheeky Girl over some nifty Vice City disco, prompting a moral debate on whether its possible to sexually assualt (sic) a lift tannoy system."

Cultural impact

"Stock Exchange" appeared on the mix albums Fuck Me I'm Famous by David Guetta, and FabricLive.33 by Spank Rock.