Sebon asks brokers to begin online order system
Securities Board of Nepal (Sebon) has instructed all brokerage firms to provide investors a service to place a buy or sell order of their shares online.
Issuing a circular Friday, the capital market regulator told brokerage firms to provide interested investors the service of online order of share trading via online from Sunday. With this new modern service, investors, who were required to present themselves to the broker office to fill up a form for trading, can place their order of buying or selling shares via online.
The circular was issued to brokerage firms after they added the new online feature in their system following the earlier directive of the Sebon.
The Sebon has said that the new service will make it easier for the implementation of the fully automated online trading system that the Nepse is preparing for.
Source: My Republica