Kathmandu, July 14: The trading of shares in the secondary market is going online from July 17. With the enforcement of this provision, the traders of the share markets can order the purchase and sale of the shares from their house, without visiting the share broker companies.
The government is enforcing the automated electronic trading system from coming Tuesday meant for making the share trading more systematic, effective and investment-friendly.
However, the traders should visit any of the share broker companies to receive user name and password before buying the shares online. After this, the commoners can make order for buy or sale of the shares from their house, office or anywhere with an access to internet connectivity, Spokesperson of Securities Board of Nepal Niraj Giri said.
He said that the online trading system was launched with the demand of the investors.
"Online transaction system has come into operation legally. Paths have been cleared to begin the transaction in a more systematic way," Giri said.
Likewise, Nepal Stock Exchange (NEPSE) also shared that necessary system required for the online trading was developed. However, the NEPSE is yet to test the software to be installed for online trading. The smooth functioning or problems in the software would be confirmed only after it was brought into use. RSS
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