The mock trading of NEPSE’s Internet based fully automated online trading system is finally here

Today NEPSE organized a meet up of brokers and media to communicate the Mock trading overview of its Online trading system. According to the officials, the Internal UAT (User Acceptance Test) finished. Similarly, in regards to External UAT, the first round has completed and after the necessary data are compiled they will be moving on to the next stage.

The official also informed the crowd that the Mock trading had been delayed because of the non-availability of required hardware infrastructures. However, since they were already 9-10 days past the deadline, they have used the resources already available at NEPSE to start the Mock Trading right away.

The difference between the system that is currently available, and the new Mock Trading system is that now the users can only see the orders being placed and being executed in the market. Through the Mock Trading system that will be available from tomorrow, the brokers and investors will be able to place their own buy and sell orders. However, as the name itself suggests, it is the replica of the original. So whatever orders are placed in the Mock Trading system are for testing purpose and will not be executed or settled.

The main goal of the Mock Trading is to gather feedback from the brokers and investors and use that feedback to improve the system before going LIVE in real. In addition, it will also help in accessing the amount of transaction load that it will be able to hold and detecting any deficiencies.

So according to the spokesperson of NEPSE, the brokers will be receiving their respective URL, username and password by tonight and the investors can used it through their respective brokers from tomorrow. There are basically two types of login,

Client login — buy and sell for himself/herself

Broker login — buy and sell for his/her clients

Similarly, the new features added in this system are:

Real time market watch:

In this feature you can select 20 to 25 securities and watch their movement live. Similarly, you can make up to 3 to 5 such groups so that each can be tracked individually. This way you can effectively look at various sectors rather than staring at long list of 200 companies.

Real time market depth feature:

In the current system, one need to continuously refresh the market depth, but in this system,  it will auto update.

DNA (Direct NOTS Access) Login

This feature is especially for the brokers, where they have to login every day at the beginning to establish connection with NEPSE.

                One of the broker in the crowd suggested that if the Mock Trading also operates from 11 AM to 3 PM, then it might not get much transaction as people are involved in actual trading. So, although it hasn’t been fixed yet, the officials at NEPSE has offered to keep it live from 10 AM to 7 PM.

 Concluding the program, the CEO of NEPSE Mr. Chandra Singh Saud mention that NEPSE will upload the user manual today itself and will add the video later regarding how to use. Similarly, he assured that the actual online system will go live within 1.5 to 2 months’ time. Once the Online Trading System is fully ready and LIVE, then NEPSE’s focus will be toward creating their own data center.