Once you open a stockbrokerage account, you can start buying and selling stocks from publicly traded companies. Placing an order can be done by calling your broker and discussing with him or her the listed companies you want to invest in stocks, the price at which you want to purchase or sell the stocks, and the amount of shares you would like to buy or sell. Alternatively, you can place your buy or sell order directly through your online trading account with your online stockbroker like CitisecOnline.
When a buy or sell order is placed for any listed company on the Philippine Stock Exchange (PSE), the stockbroker or trading participant (TP) transmits the order electronically to the PSE. All trades or executed transactions can be viewed on the ticker tape reports real-time. You can monitor the trades on the ticker tape on TV, such as ABS-CBN News Channel and NBN Channel 4, Insular Board of Makati City, and through PSE’s and stockbrokers’ websites.
Upon placement of a buy or sell order, your stockbroker will give you a confirmation receipts as proof of your trade. After a period of one trading day and another working day (T+1), you should receive a written confirmation of your order. If you placed your order online, you should received your order confirmation immediately or within 24 hours.
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