A long and patient downtime to finally reap benefits; Online Trading System in final phase of testing period
The online trading system, that was supposed to be functional from the new fiscal year i.e. Shrawan 1, 2075 is all set to roll out from Mangsir 1, 2075 for the investors. The investors who have been patiently waiting for the online trade since past few months can finally use the system in a few days. NEPSE, Brokers and CDSC have been continuously working towards development of a secure online trade system which took more time than expected. After a series of Users Acceptance Test, mock trading, orientation and training, it is safe to say that the much awaited online trading is finally here to boost trading and investment in securities.
To make the online trade system free of loop holes and glitches, the brokers will be using the system for the first 15 days i.e. 15th Kartik to 30th Kartik after which the feature will be available for investors. Since the brokers are not yet completely proficient with the system, only they will be able trade through the online system for the given time period.
The software being used now will be kept as it is and a new software will come into function for this purpose. To test the online trade system, NEPSE had started mock trading through online system which will be closed today. Right after the closure of mock trading, NEPSE will start ‘Pre-live Trading’. NEPSE is also in the process of providing training and orientation to the brokers after which the brokers will train their employees regarding the same.
Officials from NEPSE said that NEPSE will upgrade the data center provided for mock trading for which extra hard disk is being added. As per the sources, NEPSE is all set to start full-fledged online trade on the mentioned date.
Keeping in view the upcoming online trade system, CDSC had recently converted DIS into electronic form to support the online trade system. For users who cannot access the online system, the brokers will enable them to place order themselves.
