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.

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As the reports say, Nepal Stock Exchange (NEPSE) has failed to launch the online trading system even after the announcement, almost a year back in July 2017.

Insufficient preparation is being cited as the reason behind not bringing the fully-automated electronic trading system of shares, in the secondary market, to live.

“We are going to introduce the fully-automated online trading system of shares to make the secondary market more systematic, effective and investor-friendly. But it will take a few months more to implement the system,” says Murahari Parajuli, Nepse Spokesperson.

According to Parajuli, it will take few more months to bring the system to a fully operational status, majorly because of some pending issues associated with the software that runs the system.

“Works to launch the electronic trading system are still ongoing. The software that will be used for the online system has 16 components, which include pre-trading, trading, and post-trading provisions. Tests for components like order placements and new listings are being carried out,” he adds.

The announcement related to the introduction of the online trading system in Nepal was made in July 2017, with an intention to replace the existing semi-automated system used for stock trading.

The new system is expected to bring in more investors to buy or sell their shares in Nepali stock market. The system had its initial deadline in mid-November 2017, which did not materialize.

It’s time Nepse should act fast to give a new hope to the country’s trading system and its traders.

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