Market Depth faces recurring problem of incongruent data since the launch of online trading system; Investors being misinformed

Mon, Nov 19, 2018 3:41 PM on Featured, NEPSE News, Stock Market, Latest,

Since the launch of online trading system, NEPSE’s website has been facing a number of problems. One among such problems is regarding the market depth tool. This tool is used by number of investors before placing buy/sell order to look at all the existing orders of a particular scrip.

Since the launch of online trading system, there hasn’t been congruency in the data displayed in the market depth. For example, sometimes the buy order for a particular scrip has higher price than the sell order of that particular scrip. While sometimes the price of buy and sell order is the same but the transaction has not been processed.

In the pictures above, taken from market depth of the website, problems mentioned above can be seen.

Moreover, to get a clear picture, an investor may seek brokers’ assistance on the issue, upon which the broker ends up stating that there is no such order mentioned, pointing to the fact that the information presented on the website and the information with brokers is not in agreement.

As per the officials at NEPSE, the processing of transaction is slower than usual due to which it takes time to update the given information, also the team is working towards fixing technical glitches on the website so that such problem is dealt with permanently.

Due to the above mentioned problems, investors do not have clarity about the sentiments of the market and the reliability of the presented information gets diluted. Investors can’t help but wonder if the market was better without the implementation of online trading system.