KATHMANDU: After implementation of Automated Electronic Trading System provisioned under Securities Registration and Issue Regulations, 2075, country’s stock market is expected to go online from July 17, 2018.
The service will be initiated in line with the demands of investors, Securities Exchange Board (SEBON) said.
Stock traders can now order purchase and sale of shares with clicks and less paperwork.
Prior to transacting online, the traders must visit share brokers to get their “username” and “password”, later, general people can place buy and sell orders from their house, office or anywhere internet access, Spokesperson of Securities Board of Nepal Niraj Giri said.
According to authorities, the government in view of making the secondary market more systematic, effective and investment-friendly has decided to launch the system upcoming Tuesday.
However, the NEPSE is yet to test the software to be installed for online trading, despite it being already developed.
It has been learnt that software related bugs and issues can only be confirmed after it was brought into use.
Written by Prahlad Rijal
This news first appeared on https://thehimalayantimes.com/business/automated-share-trading-on-the-cards/ under the title “Online share trading on the cards”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
