"All over the world, the trading system belongs to broker companies, we have temporarily given TMS now," NEPSE spokesperson Murahari Parajuli said.
At present, broker companies are paying a monthly fee of 25,000 rupees for using NEPSE's TMS. However, the monthly fee of the new TMS comes to about 15,000 on an average to the broker company. This will bring financial benefits to the broker company, and they can develop TMS by themselves whenever they want.
33 broker companies have prepared to purchase new TMS through DGHub company. However, other broker companies are also gradually joining. An official of DGHub said that TMS developed by Sri Lanka's Iron One Technology will be fully transferred to the broker company here.
Santosh Mainali, chairman of Secured Securities, said that the new TMS test work is almost over and preparations are being made to go 'live' in consultation with NEPSE in a few days. "Preparations have been made so that transactions will be done through the new TMS in the month of July, since the test has been successful, now the process of obtaining permission for Live will proceed," he said.
He said that the new TMS service will be agile as risk management can be done quickly and easily. He said that the new TMS is available in three versions namely mobile app, desktop and web.
He said that shares can be bought and sold easily using the mobile app. "TMS has been made with more features to make it easy for customers to use it," said Mainali, "We will make a video about how to use it and make it public, the customer will learn how to use the new TMS from that video."
He clarified that if the customer runs TMS only for transactions, he does not have to pay any fee. In the new TMS, standard service facilities including charts and data will be available.
The broker company may also charge a fee for using those facilities. However, the broker company says that no decision has been made on this yet. In the securities trading regulations, there is a provision that the broker company can charge a fee for the transaction and related services.
Similarly, some broker companies, including NASA Securities, have prepared to launch separate TMS. NASA separately purchased TMS through Asterisk Technology. Madan Paudel, managing director, said that the TMS made by India's Dion Global Solutions will be used by NASA.
"Currently, the UAT (User Acceptance Testing) phase is going on in the system, the 30-day UAT will end in mid-July and only then will the system go live," he said.
He said that they are going to operate a separate TMS to provide more service facilities to the customers. Broker companies say that if TMS is taken separately, there will be competition among brokers in modern technology and this will help the development of the overall market.
What are the features of the new TMS?
Through the current TMS, the customer can load the collateral for the transaction, but the details of the collateral are not displayed correctly. In the new TMS, the loaded collateral, the remaining collateral after purchase will be displayed correctly. Poudel said that an arrangement can be arranged so that the remaining collateral can be directly transferred to the customer's bank account.
Similarly, through the new TMS, the customer will be able to see the details of their transactions, the account of the amount due and payable. At present, investors are obliged to request their account details with the broker company.
"Through the new TMS, different companies can be analyzed statistically, various technical analysis tools will be available," said Paudel. Similarly, he said, investors can view their portfolios in detail through TMS.
The broker company says that even if there are some problems in TMS, they can be solved immediately. If more business tools are developed, those tools can also be included in TMS and upgraded by the broker company as desired.
"By looking at the chart in the new TMS, you can also make a strategy for buying and selling securities, you can also view your transaction details," said Paudel.
As the backup transaction will also be added to the new TMS, the actual accounting will be visible on the same platform. In the current TMS, the transaction that took place throughout the day is visible, but it is not connected with the previous transaction, it is not possible to see a lump sum account.
Investors don't need to look at separate apps or the web as long-term transactions and accounts, their portfolio, various charts and technical analysis tools will be displayed correctly.
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