alternative trading system

1. Alternative
Trading System
REPORTER: MARY CLAIRE A. HAMILTON BSBA – FM 3

2. Alternative Trading System
 refers to any organization, association, person or
group of persons or system that maintains or
provides an electronic market place or facilities
for bringing together purchasers and sellers of
securities.
 approved by SEC
 not a national securities exchange

3. ADVANTAGES
 Reduced Costs: ATSs typically charge lower
fees than traditional exchanges
 Increased efficiency: ATSs can execute trades
faster than traditional exchanges.
 Anonymity: ATSs do not publicly disclose
information about their trades or orders.

4. DISADVANTAGES
 Complex and difficult to understand, this can
make it hard to know when to enter or exit a
trade.
 Sometimes can be expensive because trading
systems require special software that can cost
thousands.
 Risky, if trading system is not properly tested, it
could lead to losses.

5. Emilio Benito Aquino
 Chairperson and CEO of the Securities and
Exchange Commission (SEC).
 former head of the SEC’s Non-Traditional
Securities Department.
 he reviewed the operations of international ATSs
which could serve as the policy framework that
will allow the trading of innovative securities in
the Philippines.

6. Examples of ATS include
Proprietary trading systems
Broker-dealer trading systems
Electronic communications
networks

7. Top 3 Best Proprietary Firms In The
Philippines
1. FTMO (Funding for Traders and
Mentoring Opportunities)
 FTMO is a Forex prop firm, located in Prague, Czech
Republic. It was founded in 2014.
 Instruments: Forex, Indices, Metals, Commodities,
Stocks, Crypto.

8. 2. Funded Trading Plus
 Funded Trading Plus is a Forex
prop firm, located in London,
UK. It was founded in 2021.
 Instruments: Forex, Indices,
Metals, Commodities, Crypto.
3. Topstep
Topstep is a Futures prop
firm, located in Chicago,
Illinois, USA. It was
founded in 2010.
Instruments: Futures

9. Other Interesting Prop Trading Firms In
Philippines

10. Broker-dealer Trading system
 The Philippine Stock Exchange, Inc (PSE) – market’s
overall condition by estimating the amount of changes in
the stock prices of the listed companies.
 Instruments: stocks (common stock, preferred stock,
cumulative preferred stock and convertible preferred
stock) and other securities

11. Electronic communication networks (ECN)
Globe Telecom
 Intruments: regular
postpaid plans,
mobile data plans,
prepaid promos,
mobile internet,
online shop, and
broadband services
Smart Communications
 Instruments: wireless
broadband services,
mobile commerce, and
satellite
communication
services

12. Dito Telecommunity
 Instruments: call and
text messaging services,
mobile internet
Now Telecom
 Instruments: Broadband
internet,Fiber-optic
communication,Call and
Text messaging services,
Mobile internet

13. End.
INVESTMENT & PORTFOLIO MANAGMENT
Ms. Kriszia Tinguban