Thursday, October 18, 2007

Nepse permits trading through WAN

Nepse has started giving access to trading through
Wide Area Network (WAN). Due to this extended
facility, now stock brokers donot have to go to the
Nepse floor, they can place order, sell or buy shares
from their office.
In the first-phase; some brokers; stock broker number
19, Umesh Regmi, started from the Sunday; stock broker
number 14 started from Monday; and stock broker number
11 started trading from Wednesday. Stock broker number
28 and stock broker number 32 has started trading from
Tuesday.
"The brokers, who have pre-requisites, according to
Nepse's guidance, will get access," says Rewat Bahadur
Karki, managing director of the Nepal Stock Exchange
(Nepse), adding that within one month Nepse will
provide real time information and will work towards
making online trading possible.
"It will be lot easier to work from the office,
clients can get immediate information, can be better
served, and orders can be placed immediately," said
Rabindra Pradhan, stock broker number 32, who started
the trading via WAN from today.
Agreed Umesh Regmi, the first broker, who started
trading via WAN "Clients get better service and it
saves our time."
However, Nepse has set some basic pre-requisites for
trading from office via WAN. A broker must have a
price-board, separate rooms along with separate
computers for clients, order entry, settlement and
must provide up-to-date information to the clients
like in the Nepse floor.
"The broker must have a separate trading room, where
investors should not have any access," Karki said
adding that the number of brokers can now be increased
to more that the capacity of the floor, which is 50 only.

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