Securities brokerage firms can now have their own TMS

KATHMANDU: The Nepal Stock Exchange (Nepse) has enforced a separate guideline allowing stock brokerage firms to operate their own Trade Management System (TMS).

However, the broker company must first apply for the new TMS, as per the protocol. The application states that NEPSE will permit to keep a new TMS if it thinks it is suitable.

TMS has come into operation as a means of connecting investors to the system of brokers and Nepse. This allows investors to enter purchase and sale orders online.

With this, brokering companies should take approval from the authorities concerned to open their own TMS.

Fiscal Nepal |
Tuesday June 28, 2022, 09:35:51 AM |

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