The much-awaited fully automated online trading of shares is going live from Tuesday.
Minister for Finance Yuba Raj Khatiwada is scheduled to inaugurate the Nepse Automated Online Trading System (NOTS) that will allow investors to carry out securities trading in Nepse via online. The new trading system will replace the existing manual trading system known as computerized trading system (CTS).
Following the launch of the online trading system, investors are no more required to visit brokerage office to place their order as they have been doing now. This means an investor, after getting user id and password from his/her brokerage firm, can carry out stock trading from smartphone or computer having Internet connection.
However, those want to do manual trading will also be allowed to do so, according to Nepse officials.
The stock exchange company is bringing the new system into full-fledged operation after allowing investors to participate in mock trading for about one and half months.
Source: My Republica