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Fixed Income Broker Members
Fixed Income Dealer Members
Fixed Income Dealers are SEC-registered securities dealer firms that are members of the PDEx Fixed Income Market and the Self Regulatory Organization. These firms actively post bid and offer prices and buy or sell securities for their own account.
Fixed Income Dealer Members as of 28 February 2025
| Firm | Code | |
|---|---|---|
| 1 | AMALGAMATED INVESTMENT BANCORPORATION | AMAD |
| 2 | ASIA UNITED BANK CORPORATION | AUBK |
| 3 | AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED | ANZV |
| 4 | BANK OF CHINA LIMITED, MANILA BRANCH | BCPD |
| 5 | BANK OF COMMERCE | BKCP |
| 6 | BANK OF MAKATI (A SAVINGS BANK), INC. | BMIS |
| 7 | BANK OF THE PHILIPPINE ISLANDS | BPIM |
| 8 | BDO PRIVATE BANK, INC. | PBDO |
| 9 | BDO UNIBANK, INC. | BDOM |
| 10 | BONDS.PH, INC. | BDSD |
| 11 | BPI CAPITAL CORPORATION | BPIC |
| 12 | CHINA BANK SAVINGS, INC. | CSVD |
| 13 | CHINA BANKING CORPORATION | CBCM |
| 14 | CITIBANK, N.A. | CIPH |
| 15 | CTBC BANK (PHILIPPINES) CORP. | CCBM |
| 16 | DEUTSCHE BANK AG, MANILA BRANCH | DBPH |
| 17 | DEVELOPMENT BANK OF THE PHILIPPINES | DEVP |
| 18 | EAST WEST BANKING CORPORATION | EWBC |
| 19 | ING BANK N.V., MANILA BRANCH | INGB |
| 20 | JP MORGAN CHASE BANK N.A., MANILA BRANCH | JPPH |
| 21 | LAND BANK OF THE PHILIPPINES | LBPH |
| 22 | MALAYAN BANK SAVINGS & MORTGAGE BANK | MLYN |
| 23 | MAYBANK PHILIPPINES, INC. | MAYB |
| 24 | METROPOLITAN BANK & TRUST COMPANY | MBML |
| 25 | PHILIPPINE BANK OF COMMUNICATIONS | PBCM |
| 26 | PHILIPPINE BUSINESS BANK | PBBK |
| 27 | PHILIPPINE COMMERCIAL CAPITAL INC. | PCCI |
| 28 | PHILIPPINE NATIONAL BANK | PNBM |
| 29 | PHILIPPINE SAVINGS BANK | PSBK |
| 30 | PHILIPPINE VETERANS BANK | PVBM |
| 31 | RIZAL COMMERCIAL BANKING CORPORATION | RCBC |
| 32 | SECURITY BANK CORPORATION | SBMN |
| 33 | STANDARD CHARTERED BANK | SCML |
| 34 | STERLING BANK OF ASIA, INC. (A SAVINGS BANK) | STRL |
| 35 | THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED | HBPH |
| 36 | UCPB SAVINGS BANK, INC. | UCSB |
| 37 | UNICAPITAL, INC. | UNIC |
| 38 | UNION BANK OF THE PHILIPPINES* | UBPH |
With Dealer-QI Facility
Dealing Participants - Benefits
- Price Discovery and Enhanced Liquidity. Trading Participants benefit from better price discovery and transparency provided by the PDEx electronic trading platform. This technology allows better trade execution and liquidity for your debt securities holdings.
- Real-time Market Access. Screen-based trading allows Trading Participants to gain access to live bid and offer prices as well as the ability to directly transact with other players in the market.
- Access to Market Valuation Data. The available price and trade data from the PDEx Fixed-Income market also form the basis for key interest rate benchmarks used for daily market valuation of Philippine debt securities.
- Trading in a Registered Market. The Self-Regulatory Organization (SRO) overseeing the trading rules of PDEx provides the Trading Participants a level playing field, under which to conduct their trading activities. More on the roles of the SRO here.
- Settlement via Delivery vs. Payment. Once the Trading Participant joins the Exchange, they have to arrange clearing and settlement facilities through PDTC for fixed-income trades and PSSC for FX trades. PDS Group provides an efficient settlement infrastructure, seamlessly linking market activities from trading to post-settlement disposition and effectively mitigating your settlement risk.
- Joining a dynamic community. By becoming a trading participant of PDEx, they expand their network base with other members of our community, giving them the opportunity to grow and build their business’ value.
Dealing Participants - Apply
Eligibility
- Be a bank duly licensed as such by the Bangko Sentral ng Pilipinas (BSP) or an investment house duly licensed as such by the SEC;
- Be duly registered by the SEC as a securities dealer in fixed income securities, or government securities dealer when trading government securities;
- Have a demand deposit account with the BSP or have designated a cash settlement account with any PDEx-qualified settlement bank;
- Have a securities settlement account with the designated depository, or with the Bureau of Treasury (BTr) Registry of Scripless Securities (RoSS), when trading in Government Securities;
- Be technically capable of connecting to the PDEx Trading System;
- In cases where the applicant is a member of another self-regulatory organization (SRO) and/or duly accredited broker/dealer association, have a certificate from such other SRO and/or broker/dealer association certifying its good standing thereat and absence of derogatory record for three (3) years immediately prior to the application with PDEx;
- Have at least one (1) SEC Registered Associated Person or its equivalent;
- Have at least one (1) trained Trader duly registered with the SEC which shall be identified in the application;
- Have at least one (1) representative in the person of the treasurer of the Trading Participant or such other equivalent officer designated by the President of the Trading Participant who shall be empowered to sign and execute any and all documents for and on behalf of the Trading Participant on PDEx and to receive all the notices from PDEx, except where a different signatory or recipient is warranted, who shall be identified as such in the application;
- Have an unimpaired paid-up capital as required under P.D. 129, as amended, otherwise known as the Investment Houses Law, the Securities Regulation Code or applicable banking laws and their implementing rules and regulations, the pertinent circulars and orders issued by the SEC and the BSP, and rules and regulations of other relevant regulatory agencies; and
- Board Resolution for the following:
- To become a Dealing Participant of PDEx;
- To participate in the PDEx eDvP Facility;
- To open a PDTC Depository Account
- Have such other qualifications as shall be required by PDEx and the applicable laws and regulations.