Nepse recently conducted a two-week long training for the new stock brokers to prepare them for trading. During the training, they were given information on basic activities of share market, listing of shares, transactions, settlement of transactions and flow of information in the stock market.[break]
Ending four-year long delay, Nepse had licensed 16 stock brokers about a month ago, paving the way for greater competition in the sole secondary market in the country. With 16 new licensees, total number of stock brokers at Nepse has reached 39.
The companies getting permission to operate securities transactions are Dakshinkali Investment and Securities, Vision Securities, Kohinoor Securities, Secured Securities, Swarna Laxmi Securities, Dipshikha Securities, Sumeru Securities, Creative Securities, Linch Stock Market, Sunny Securities, South Asian Bulls, Dynamic Money Manager Securities, Imperial Securities, Kalika Securities, Nib Securities and Trishakti Securities.
Besides preparing a tripartite agreement among Nepse, internet service providers and concerned brokers for intra-net connectivity for securities trading, Nepse is busy inspecting infrastructure at the new brokers.
Securities Board of Nepal (Sebon) is currently studying the institutional capacity of other companies that have applied for the license. Sebon will license 11 more brokers as part of its plan of increasing the number of brokers at Nepse to 50.
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