Stock market formally switching to online system

Kathmandu / Nov 5: The domestic stock market is formally switching to an online system starting tomorrow.

Nepal Stock Exchange (NEPSE) is starting online trading based on a fully automated system on the direction of the Securities Board of Nepal (SEBON), regulator of securities market, according to NEPSE Spokesperson Murahari Parajuli.

Investors should first visit share brokers to open a personal account and then they can do the trading of shares through an online system sitting at home, office or from anywhere where internet is available, he said.

The new technology, which has been on trial since the very first day of the current fiscal year, aims to make domestic stock activities of an international standard.

All share brokers have been associated with the automated online system for which all required physical infrastructure have been developed.

Prior to this, investors had to compulsorily visit the office of share brokers to buy and sell shares. Individual’s email ID and mobile number are compulsory as personal details.

The system is expected to be a milestone in the domestic capital market for increasing people’s access to trading in shares. RSS