Double log in for share trading within few days

ShareSansar, May 5:

Share brokers are gearing up to start multiple log in to facilitate share trading, especially for small investors, within the next few days.

Nepal Stock Exchange Limited (NEPSE) has just decided to provide yet another log or the system to trade in shares to the brokers following complaints from the brokers as well as investors that they were struggling to execute the orders placed by investors through a single log in.

Co-spokesman of NEPSE Murahari Parajuli said that the multiple log in are being provided to the brokers keeping in view complaints especially from retail investors that their orders are not duly executed due to availability of just a single trading computer-based window at brokers office.

He added that NEPSE has already made all arrangements and is fully prepared to provide multiple log ins to the brokers, and that the ball is now on brokers’ court.

“The day they install necessary infrastructure for the double window, we will provide them with multiple log in immediately,” he further said.

The Brokers’ Association has stated that all the 50 brokers were in the final stage of making preparation to install multiple log ins.

“Now that the NEPSE has decided to provide double log in to us, we will set up the system shortly,” President of the Brokers’ Association Narendra Sijapati told ShareSansar today.

Asked when do they plan to start trading through multiple log in, he informed that if everything goes as planned, they may be in a position to start it within the next ten days.

He further explained that for the time being multiple log in will be installed at the existing offices of all the 50 brokers, and not at separate locations.