Ayala Avenue is a major thoroughfare in Makati, Philippines. It is one of the busiest roads in Metro Manila, crossing through the heart of the Makati Central Business District. Because of the many businesses located along the avenue, Ayala Avenue is nicknamed the "Wall Street of the Philippines" and dubbed in the 1970s and 1980s as the "Madison Avenue of the Philippines". It is also a major link between Epifanio de los Santos Avenue (EDSA) and Metropolitan Avenue. Part of Ayala Avenue from Metropolitan Avenue to Gil Puyat Avenue, known as the Ayala Avenue Extension, also forms part of Circumferential Road 3.