After a year-long trial, Nepal Stock Exchange (NSE) finally began its fully-automated online trading formally on November 06, 2018.
The Minister for Finance Yubaraj Khatiwada launched the online system in Kathmandu, which will work under the set guidelines of the Securities Board of Nepal (SEBON), Nepal’s regulatory body for stock trading.
Speaking at the launch of the program, Khatiwada said the government is working to drive institutional investors into the domestic trading process, alongside encouraging the expansion of the mutual fund and commodity markets for diversification.
All the domestic share brokers have already been associated with the new system that has all the related physical infrastructure support ready.
The new process replaces the earlier system where the investors had to visit the office directly to do trading and aims to take domestic stock activity to the international standards.
Speaking at the launch program, SEBON President Rewat Bahadur Karki expressed hope that the new system would be an effective way for trading in shares for the Nepalis home and abroad.
Karki also opined that the online system would also help in expanding financial access and awareness among the populace.
Various other dignitaries present at the event stressed on the need to increase investor confidence on the online process by addressing issues around it.
NEPSE President Laxman Neupane, National Insurance Committee President Chiranjivi Chapagain, Stock Brokers Association President Bharat Ranabhat, were among others present at the event.