Two more months for share market to go online
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Tuesday, Sep 18, 2018
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It will take another two months for the share market to go fully online. The online transaction system however began testing on Monday. However, it will take another sixty days to become completely functional.
Speaking at a press meet held at Nepal Stock Exchange on Monday, Chief Executive Officer Chandra Singh Saud said that failure to complete necessary physical infrastructure and other required preparations has delayed the work. More time will be required for the 'data centre' and presently only the mock trading has begun, Saud added.
All broker companies have also been directed by NEPSE to develop their own data centre. They could do so individually or as a group. Investors will begin practicing the new system from today. The testing alone would take at least 45 days, according to NEPSE.