Year-end gift to investors, Nepse going online
Kathmandu, December 24:
Good news, one can trade shares online!
“Investors can file online purchase or sale orders for shares from January 13,” said Rewat Bahadur Karki, chief executive officer and general manager of Nepal Stock Exchange (Nepse).
“Nepse has come of age and adopted a technological revolution in the trading system in the domestic market,” Karki said adding that seven brokers have applied for going online. Nepse has permitted these seven brokers to go online through the Basic Internet Based Trading System. The brokers have to have their own website now so that they can, after agreement with their institutional or personal clients, receive sale or purchase orders on their own websites.
“Nepse will provide the BIBTS software free of cost,” said Karki. “But they have to develop their own websites.”
However, the process will be completed only after the Central Depository System (CDS) comes into effect. “It’s a part of CDS,” said Sanjay Amatya of Market Securities and Exchange Pvt Ltd (Broker No 5) and who has applied for the internet trading. His firm is developing its own website for internet trading.
Nepse started trading through Automated Computerised Trading System (Automation) from August 24, 2007. After Automation, Nepse started trading thro-ugh Wide Area Network (WAN), an extended facility for brokers who want to trade from their own offices. After WAN connectivity, Nepse made available real time information. Asian Development Bank (ADB) under the CFG project has supported the whole process of Nepse’s automation.
•Market Securities and Exchange Pvt Ltd (broker no 5)
•Khandelwal Stock Brokering Company (broker no 17)
•Nepal Investment and Securities Pvt Ltd (broker no 19)
•Sweta Securities Pvt Ltd (broker no 25)
•Shreekrishna Securities Ltd (broker no 28)
•Trishul Securities and Investment Ltd (broker no 29)
•Prime Securities Pvt Ltd (broker no 16)