Share and other securities trading broker companies in Nepal are now adopting the Nepal Stock Exchange's Trade Management System (TMS). Through TMS, investors conduct buying and selling activities. Some broker companies are preparing to use their own TMS soon. Currently, Secured Securities is testing TMS.

"Worldwide, the broker companies operate their own business systems, now we have temporarily adopted TMS," said Murahari Parajuli, spokesperson of NEPSE. "Broker companies need to adopt their own TMS to stay competitive with modern technology."

Broker companies currently are charged around NPR 25,000 monthly for using NEPSE's TMS. However, the new TMS may cost them about NPR 15,000 per month on average. This not only benefits broker companies financially but also allows them to develop TMS independently.

33 broker companies are prepared to purchase the new TMS through DigiHub. The new TMS developed by Sri Lanka's Iron One Technology will be transferred to broker companies here, according to a DigiHub official.

The testing phase of the new TMS is almost complete, and soon it will be operational with live consultations with NEPSE in the coming days, said Santosh Mainali, Securities Board executive.

Risk management will be quick and easy with the new TMS, making the new service robust and durable, he added. The new TMS is available in three versions: mobile app, desktop, and web.

"It's easy for customers to buy and sell shares using the mobile app," Mainali said. "We'll make videos to teach customers how to use the new TMS."

Customers will not have to pay any fees for using only TMS for business, he made it clear. The new TMS will also provide advanced service features such as charts and data.

After fulfilling the securities trading regulations, the broker companies will be able to charge fees for services related to business, NEPSE informed. Similarly, some broker companies are preparing to bring the new TMS into operation occasionally.

Nasa Securities and other broker companies plan to implement the TMS system occasionally, as it will allow them to compete in the modern technology and thereby develop the entire market, they added.

What are the features of the new TMS?

Currently, TMS allows customers to load collateral for business purposes but does not display collateral details correctly. In contrast, the new TMS will show the correct details of loaded and remaining collateral after purchase. This system will allow customers to transfer to their bank accounts themselves.

Similarly, customers will be able to view their business details and accurately account for their remaining amounts of payment. Currently, brokers are required to provide their financial details to the company.

"The new TMS will also provide various company analysis tools for statistical analysis," Paudel said. "Similarly, investors will be able to view their portfolios and detailed analysis tools on the TMS."

Problems with the TMS can be solved immediately by the broker company. If more tools are developed for trading, the TMS can be upgraded to a higher level.

"New TMS can also create trading strategies by looking at charts and other business details," Paudel said.

With the addition of backup business to the new TMS, it will be viewed on one platform in real time. Currently, the business for the day is visible, but it is not connected to the previous business, and it is difficult for investors to see the portfolio in the app or the web.