Kathmandu, July 15
The Nepal Stock Exchange (Nepse) has said that it will launch the fully automated electronic trading system of shares in the secondary market from July 17.
The Securities Registration and Issue Regulation, 2075, has a provision of online trading system and Nepse is all set to introduce that guideline.
“We are now ready to launch the fully automated online trading system, but some of the provisions of software tests are still remaining,” said Murahari Parajuli, spokesperson for Nepse. “The issues related to the software will be sorted out once the system starts functioning and as and when we receive complaints regarding them.”
On July 3, Nepse had tested the User Acceptance Testing (UAT) of the software to create online stock trading system, which will allow investors to post purchase and sales order and provide them payment, clearing and settlement facilities.
“We expect everything to go smoothly so that we can introduce the automated electronic trading system from Tuesday,” he added.
The service has been initiated in line with the demands of investors and the Securities Board of Nepal (SEBON) – the securities market and commodities exchange regulator of the country.
To start online trading of shares, the investors must visit their respective share brokers to get their ‘username’ and ‘password’. After registering their username and password, investors can then place buy and sell orders from their homes, offices or any place where there is internet access, Parajuli said.
According to Nepse, the government has introduced the fully automated online trading system of shares to make the secondary market more systematic, effective and investor-friendly.
Meanwhile, Nepse had earlier conducted a test of the software to be installed for online trading, which has been developed by YCO Pvt Ltd. Nepse said that it has already fixed the software related bugs and issues.
Nepse had purchased the software from YCO Pvt Ltd at a cost of Rs 6.4 million.
Written by Sandeep
This news first appeared on https://thehimalayantimes.com/business/nepse-to-start-online-trading-tomorrow/ under the title “Nepse to start online trading tomorrow”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
