‘After Market Order’ to be Implemented in Nepal's Stock Market

In an effort to modernize and make Nepal's stock market more investor-friendly, the Securities Board of Nepal (SEBON) has decided to implement the ‘After Market Order’ (AMO) system. With this decision, SEBON’s board has approved the amendment to the 'Securities Trading Operations Regulations' proposal sent by the Nepal Stock Exchange (NEPSE) in Monday’s meeting.While the board has approved the amendment to the regulations, the final step for full implementation is still pending. After SEBON’s approval, the amended regulations will be formally passed by the NEPSE Board of Directors. Once approved, investors will be able to use the ‘After Market Order’ feature.With this new system, investors will now be able to place buy or sell orders outside of regular market hours (11 AM to 3 PM). There will be no specific time slot for 'After Market Orders,' meaning that investors can place orders anytime, whether during the night or early morning, as per their convenience after the market closes. These orders will be processed based on priority as soon as the market opens the next day.This facility will particularly benefit Nepali investors living abroad. Due to time zone differences, it was previously difficult for Nepalis abroad to trade when the market in Nepal was open. Now, they will be able to place orders at any time, regardless of the time difference. Additionally, employees and professionals who are busy during office hours will also be able to place orders during their free time in the morning or evening.With the implementation of the ‘After Market Order’ system, it is expected that there will be better balance in the supply and demand for shares in the market, and an increase in the trading volume. Moreover, this facility will encourage more investors to participate in the stock market.