Seems the electronic trading system is still a distant goal for Nepal!<\/p>\n
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.<\/p>\n
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.<\/p>\n
\u201cWe 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,\u201d says Murahari Parajuli<\/span>, Nepse Spokesperson.<\/p><\/blockquote>\n
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.<\/p>\n
\u201cWorks 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,\u201d he adds.<\/p>\n
The announcement related to the introduction of the online trading system in Nepal<\/a> was made in July 2017, with an intention to replace the existing semi-automated system used for stock trading.<\/p>\n
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.<\/p>\n
It\u2019s time Nepse should act fast to give a new hope to the country\u2019s trading system and its traders.<\/p>\n
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