Monday, March 4, 2024
HomeNewsPhilippinesDFNN launches interactive broker platforms on PSE Trading Floor closure

DFNN launches interactive broker platforms on PSE Trading Floor closure


DFNN technology arm launched “NEXT-WAVE” Interactive Broker Platforms and Systems on the back of the announcement of the closing of the Philippine Stock Exchange’s trading floor, heralding the end of traditional trading.

The comprehensive digital stock trading platform is app-driven with a complete back office, customer relationship, digital marketing, and secure identity solutions that allow trading participants and retail investors alike to maximize stock trading activities via an end-to-end integrated system that will expand and make inclusive market participation thereby accelerating the growth of the capital market.

Currently, some of these technologies are already used by top online brokers.

The NEXT-WAVE system was developed in collaboration with longtime technology partner DirectFN. With the cooperation of the Philippine Stock Exchange (PSE), NEXT-WAVE was presented to its trading participants, receiving very positive feedback.

The NEXT-WAVE platforms and systems serves all broker and retail investor requirements from a digital standpoint for trading, settlement and back-office processes such as accounting, billing and includes multiple newer fintech and payment solutions designed to quickly execute trades. Processing is done real-time thereby improving payment velocity and reducing friction. 

The NEXT-WAVE platforms and systems is available on a subscription basis, allowing trading participants to manage use and cost, depending on certain custom and growing requirements. The retail channel of the trading platform is designed to leverage the untapped market consisting of young professionals and first-time investors who are starting to learn and navigate the intricacies of the stock market.

With NEXT-WAVE’s e-learning-to-trade modules, first-time investors can tap various courses focusing on online trading, among others. It also has a unified digital direct messaging system using SMS, email, direct messaging (i.e., Viber and WhatsApp), proven to be a critical contributor for a powerful marketing tool.

With its extensive banking systems experience, iWave has been a leader in the financial industry with the company developing, providing, and managing proprietary technology products for banks and other financial institutions that process high volume secure transactions. iWave built the Philippine’s first automated trading platform which was implemented at the trading floor of the PSE in 1993. Even

DFNN is a leading I.T. solutions provider and systems integrator. For more information visit

AGBrief Editorial
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.