After all the fiasco of the current global economic crisis, PSE is now considering to allow anonymous stock trades. According to PSE President Francis Lim, “the new policy would align local trading activities with global best practices as a number of developed markets like the United States, Japan and Australia had adopted the practice of broker anonymity.”
I cannot see any value added in this move to revive our slumbering equities market. We have this regulation when we experienced bull run a few times, and implementing his new measure will not guarantee a more vibrant stock market. It will only create an opportunity for deceit and anomaly. If enough regulations are in place I think people would not mind seeing their broker’s identification in the PSE screen.
