Five brokers selected for testing Online Trading System; Online trading to be implemented from Shrawan

Nepal Stock Exchange has short-listed five broker companies for testing the Online Share Trading System. The testing will start from today.

NEPSE had asked the Stock Broker Association to recommend the name of 5 brokers for testing the online trading system. Following the request of NEPSE, the association had sent the names of the 5 brokers on Wednesday.

The association has recommended the names of Trishakti Securities, Linch Stock Market, ABC Securities, Secured Securities and Malla and Malla Stock Broking for the testing of online trading system.

Nepal Stock Exchange will start testing of the online trading system through these 5 brokers from today. The inclusion of the 5 brokers for the testing is just the first phase of testing, as the stock exchange will gradually provide the system to other brokers as well.

The testing will be conducted for the whole month of Ashadh and the system is likely to be implemented from the month of Shrawan.

In the initial stages, the new online system will be operated along with the old system as a back up for any kind of issues in the User Acceptance Testing (UAT).