Sebon instructs brokers to accept order via Internet

Published On: March 11, 2017 10:37 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, March 11: Securities Board of Nepal (Sebon) has instructed brokerage firms to allow their investors to place sell/buy orders via Internet. 

According to officials of the Sebon, investors, who have already completed know-your-customer process, can now place trading orders via Internet which will be then processed by the brokerage firms. 

“This is like a pre-online trading process. So far, many investors are said to be placing orders from telephone which often lead to disputes later. Now, they can place trading order online instead of visiting broker office and filling up trading order form manually,” said Niraj Giri, spokesperson of the Sebon. “This is also aimed at making investors familiar with the online trading system which will be implemented soon,” he added. 

Issuing a statement, Nepse said that brokerage firms can give username and password to their clients using which they can place order. “Brokers can then execute such orders on a priority basis,” the statement added.

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