Nepal Stock
Exchange (Nepse) claims to be preparing to start internet-based trading of
securities, though the trading has been frequently delayed due to technical
glitches of the software in recent months.
During the 20th
anniversary celebration here today, general manager of Nepse Sitaram Thapaliya
claimed that the process to upgrade Nepse has already began. "The
upgradation will bring international standard to the Nepse, part from helping reduce
risks," he said, adding that Nepse is installing an electronic display
board of live trading.
The
secondary market that has seen more upward movement these days, has added five
new companies in the six months of the current fiscal year 2013-14 making a
total of 235 listed companies.
The front
line regulator will also start Block Trading Facilities (BTF), prepare dealers
and market makers to expand the market, Thapalia said, adding that it is also
planning due diligence audit (DDA) also to find out the ground situation of the
Nepse.
Likewise,
the annual general meeting of Nepse has also approved 2:1 bonus shares worth Rs
100 million, which has increased the paid up capital and issued capital to Rs
300 million from today.
Currently, the Nespe has been providing service to four cities –
Biratnagar, Pokhara, Narayangarh and Butwal – through remote work station
(RWS). The service will be expanded to Dharan from the current fiscal year,
according to the Nepse.
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