NEPSE directs broker companies to set up required infrastructures; Broker Companies to install their own servers for Online Trading

 Nepal Stock Exchange has directed the broker companies to set up required infrastructures for the implementation of Online Trading System.

NEPSE has asked the broker companies to set up server as well as infrastructures for data recover. The extra cost for the demanded infrastructures will be of about Rs 1 crore. Along with the physical infrastructures, NEPSE has also directed the broker companies to be ready with the required manpower as well.

For the addition of extra infrastructure, manpower trained in information technology will be required. NEPSE has directed that the broker companies will need to appoint a Computer Engineer and two assistants from the related field.

For the appointment of Engineers, NEPSE has set the requirement that the individual should have an experience of 2 years and in case of assistants they should have an experience of 6 months.

In the current period, the trading is being conducted through the servers of NEPSE. But after the broker companies set up their infrastructures, the trading is assumed to be more prompt and efficient.