Stock market formally switching to online system from tomorrow
Kathmandu, Nov 5: The domestic stock market is formally switching to an online system.
Nepal Stock Exchange (NEPSE) is starting the online trading based on a fully automated system from tomorrow on the direction of the Securities Board of Nepal (SEBON), the regulator of securities market, according to NEPSE spokesperson Murahari Parajuli.
Investors first should visit share brokers to open a personal account and then they can make share trading through an online system by sitting at home, or from office or from anywhere where internet facility is available, he said.
The new technology, which has been on a trial since the very first day of the current fiscal year, aims to make domestic stock activities of an international standard. All share brokers have been associated with the full automated online system and they have developed all physical infrastructures required for the same.
Prior to this, the investor had to compulsorily visit the office of share broker to buy and sell shares.
Individual's email ID and mobile phone number are compulsory for personal details. The system is expected to be a milestone in the domestic capital market increasing people's access to share market.