Crystal Kanchanjungha Securities becomes the first broker to bring margin trading into practice; The beginning of a new era

The much-discussed and much-awaited margin trading is finally coming into practice.

Nepal Rastra Bank (NRB) had provided its approval on Chaitra 14, 2075 followed by approval of NEPSE on Ashad 12, 2076. However, the actual margin trading activities hadn't begun yet. Thus after the approval of the 5th amendment in Securities Central Depository Service regulation, 2076, the regulatory framework for margin trading was finally in place.

After that it was the turn of brokers, the real players to bring life in margin trading system. They had to get approval from all related regulatory bodies and establish sufficient infrastructures to support such functions. This was taking some time, and therefore on Ashwin 01, 2076 SEBON had issued a circular directing CDS and Clearing and all the brokers who had received the license to provide margin trading services to implement the service as soon as possible.

Thus, the Board meeting of Crystal Kanchanjungha Securities (BROKER NUMBER 50) held on Ashwin 06, 2076 has finalized the internal working framework for margin trading. It is going to be the first broker to introduce margin trading in Nepali Capital Market.