 PDEx is licensed by the Securities and Exchange Commission (SEC) as an Exchange under the provisions of the Securities Regulation Code (SRC).In this capacity, PDEx provides a centralized & efficient infrastructure for trading securities which ensures price discovery, transparency, and investor protection.In July 2006, SEC formally recognized PDEx as a Self-Regulatory Organization (SRO) in the Inter-Dealer Market and is thus vested with the responsibility of formulating the requisite market rules, undertaking surveillance and enforcing compliance in the inter-dealer market.