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Philippine Stock Exchange Tower

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The Philippine Stock Exchange Tower is an office skyscraper in One Bonifacio High Street , Bonifacio Global City in Taguig . The building has 30 floors above ground level. It serves as the new headquarters and unified trading floor of the Philippine Stock Exchange .

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14-626: It was designed by US-based Handel Architects , in collaboration with Leandro V Locsin Partners and GF & Partners Architects. The building is characterized as an all-glass, grade A level building. It is occupied by the stock brokers and trading managers of the PSE. The construction of the PSE Tower was originally planned in 2004, as part of the stock exchange's plans to unite the exchanges under one building, but hurdles such as location planning, naming rights, and

28-536: Is an architecture firm that was founded in New York City in 1994. Led by Partner Gary Handel, the firm has offices in New York City, Boston , San Francisco , and Hong Kong . The firm has five partners, Gary Handel, Blake Middleton, Glenn Rescalvo, Frank Fusaro, and Michael Arad . Well-known projects include Cornell University's New York City Tech Campus Residential Tower, Millennium Tower [ 4 ] ,

42-417: The 85 remaining trading participants opted the use of the trading floor, which prompted the PSE to fully close the trading floor, and will be repurposed for mixed-use activities. The present trading floor was repurposed into a events hall on 29 May 2023. The events hall also maintained the usage of the trading bells and ticker screens while renovations were made, which features a new LED market board displaying

56-775: The PSE Tower has a 695 m (7,480.92 sq ft) unified trading floor from both traders of the Exchange Plaza in the Makati Central Business District and the Philippine Stock Exchange Centre at the Ortigas Center , in Pasig City. On 24 June 2022, the unified trading floor was closed, as PSE President and CEO Ramon Monzon stated that since the tower's opening, only 85 of 132 active trading participants availed for booths and dealer rooms on

70-560: The PSE, allowing visitors to look back at the history of the Philippine Stock Exchange from its foundation in 1927. The tower also houses retail shops in the mezzanine and ground floors, and is directly connected to the One Bonifacio High Street Mall , a 23,000 square meters (250,000 sq ft) mall currently occupied by fashion brands and food choices. Handel Architects Handel Architects LLP

84-690: The Ritz-Carlton in Washington, DC, and the National September 11 Memorial in Lower Manhattan . Michael Arad Michael Arad ( Hebrew : מיכאל ארד) is an Israeli-American architect who is best known for being the designer of the National September 11 Memorial & Museum . He won the competition to design the memorial in 2004. Arad, an Israeli citizen, was born in 1969 in London . London

98-617: The building's design put this plan on hold until 2008. One noted example of the planned designs featured renders inspired from the Commerzbank Tower in Frankfurt , Germany , which was designed by Skidmore, Owings & Merrill , and was planned to have a height of 229 m (751 ft). The building became part of the One Bonifacio High Street Project, a 2.35-hectare (5.8-acre) high end mixed-use development located in

112-778: The competition for the World Trade Center memorial, he was working for the New York City Housing Authority , designing police stations for the New York City Police Department . Arad now works for Handel Architects, which has offices in New York and San Francisco. Unidentified human remains recovered from the World Trade Center site would be interred at the bottom of the North Tower footprint at

126-510: The donated property to Ayala Land Inc. in exchange for several units in the new building. Groundbreaking was initially planned in January 2009, and is planned to be completed in 2012, yet the groundbreaking was held in 2012, and the tower was topped off in 2017, before being opened in February 2018. Although smaller than the previous trading floors, due to the trend of trades became more computerized,

140-713: The northern area in Bonifacio Global City (BGC), which comprises the Philippine Stock Exchange Tower, The Suites at One Bonifacio High Street, the Shangri-La at the Fort , and the One Bonifacio High Street Mall. The entire high end complex costed a total of ₱ 30 billion. The building was built on a property donated by Fort Bonifacio Development Corp. to the PSE. The PSE then gave its rights to

154-430: The site's deepest point, 70 feet underground. At street level, with the help of landscape architect Peter Walker , Arad proposed a cobblestone plaza with moss and grass and planted with eastern white pine trees. "This design proposes a space that resonates with the feelings of loss and absence that were generated by the death and destruction at the World Trade Center," Arad said in the statement. Initially criticized for

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168-457: The stock exchange's overall trading data, graphs, and prices, and replaced the former hanging LED screen. The hall also serves as a venue for initial public offerings, follow-on offerings, stock rights offerings, and other events. The opening of the events hall was graced by PSE Officials, government officials, and other executives. Th PSE Museum is museum located within the tower. The museum features records, archives and other historical pieces of

182-476: The trading floor. Another factor that was observed was during the closed face-to-face trading sessions caused the COVID-19 community quarantines in the country , the lockdown prompted traders to integrate their systems to the PSE's online trading platform, which led to further improvements on the digitization of trades within the exchange. As the lockdown measures decreased in the middle of 2021 to early 2022, only 29 of

196-695: Was where his father, Moshe Arad , a former Israeli ambassador to the United States and Mexico , was on a diplomatic mission. Arad lived in Jerusalem for nine years. He did his military service in a Golani Brigade commando unit. Arad received a bachelor's degree from Dartmouth College , and a master's degree from Georgia Institute of Technology 's College of Architecture . He moved to New York City in 1999 and worked as an architect at Kohn Pedersen Fox for three years. After KPF, Arad briefly worked for Leclere Associate Architects. When he submitted his design to

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