| Nepse permits online
share trading |
Nepal Stock
Exchange (Nepse) has granted permission to brokers to start
online trading of shares through the Wide Area Network (WAN).
According to the Nepse, the new facility will now allow
stock brokers to place order, sell or buy shares from their
office via WAN without going to the capital market.
In the first-phase, five broker companies - Malla and Malla
Stock Broking (stock broker number 11), Nepal Stock House
(stock broker number 14). Nepal Investment and Securities
Trading (stock broker number 19), Shree Krishna Securities
(no. 28) and Premier Securities (no. 32) – have been
given permission to conduct share trading online. These
five brokers have already been included in Nepse’s
WAN system.
NEPSE has also said it would include the remaining 17 brokers
in the WAN system to enable them to conduct online transactions
within a month.
“The brokers who have pre-requisites according to
Nepse’s guidance will get access,” Rewat Bahadur
Karki, managing director of NEPSE told the Himalayan Times.
He also said that within one month, Nepse will provide real
time information work towards making online trading possible.
nepalnews ag Oct 17 07
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