KATHMANDU, June 28: Stock brokerage firms have been allowed to operate their own Trade Management System (TMS), with the Securities Board of Nepal enforcing the separate working guideline for this purpose.
TMS is a means of connecting investors to the system of brokers and trading platform of Nepal Stock Exchange (Nepse). This allows investors to enter purchase and sale orders in the secondary market via online.
34 stockbrokers mull over implementing their own TMS software f...
After Nepse launched Nepse Online Trading System (NOTS) on November 6, 2018, investors need to open a TMS account to carry out shares trading in the secondary market. Currently, stockbrokers on behalf of their clients have been using Nepse TMS platform to do so.
With the new guidelines in place, interested brokering companies need to take approval from the authorities concerned to open their own TMS. The brokering companies need to manage the system and network administrator and data recovery site along with collaborating with the online payment system to operate the platform.
