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Philippine Stock Exchange to Launch Volume Weighted Average Price (VWAP) Trading on March 1, 20242/16/2024 The Philippine Stock Exchange, Inc. (PSE) will begin trading Volume Weighted Average Price (VWAP) on March 1, 2024. The Securities and Exchange Commission has approved PSE's VWAP Trading Rules, as well as the briefing of trading participants (TPs) and onboarding of authorized traders of TPs interested in this facility. “The ability to easily place VWAP-based orders expands the options available to investors, especially those who prefer to use this approach in trading,” PSE President and CEO Ramon S. Monzon said in a statement. He also added, ”We expect foreign and institutional investors who prefer to look through price volatilities during the trading day and focus on the average price instead to avail of this facility.” VWAP trading is permitted only within a 15-minute window following the market's run-off period, or between 3:00 and 3:15 p.m., using the Exchange's computed price. VWAP trades may only be done by a TP's approved salesmen or traders. The Volume-Weighted Average Price (VWAP) is a measurement of a stock's average price that has been adjusted for volume.
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