Brokers’ Independent TMS: Some Launched, Some in Application Phase
Author
NEPSE trading
Some stock brokers have started launching their own independent Trading Management Systems (TMS). For instance, Secured Securities has already introduced its own TMS and begun trading operations. However, it appears that full functionality is not yet in place. Brokers are preparing to make trading in shares easier through mobile apps, allowing users to buy and sell shares conveniently. New TMS platforms from brokers are being developed in three versions: mobile app, desktop, and web.
Key Points:
Introduction of New TMS:
Some stock market brokers have started implementing their own Trading Management Systems (TMS).
Secured Securities has launched its own TMS and begun operations, though it is not yet fully operational.
Features of TMS:
Brokers are preparing TMS systems that allow easy share transactions through mobile apps.
The new TMS will be available in three versions: mobile app, desktop, and web.
Approval from NEPSE:
The Nepal Stock Exchange (NEPSE) has started granting approvals for TMS applications submitted by brokers.
Secured Securities has already received approval from NEPSE.
Applications from Other Brokers:
Nasa Securities Company Limited (Broker No. 58) and South Asian Bulls (Stock Broker No. 43) have also applied for approval to operate their own TMS from NEPSE.
Nasa Securities plans to purchase the TMS from Dion Global Solutions of India through Astric Technology.
Benefits of New TMS:
Currently, brokers pay a monthly fee of NPR 25,000 for using NEPSE's TMS.
The new TMS is expected to provide accurate transaction details, payment tracking, and a clear account of pending amounts.
Features such as stop-loss, take-profit, and high-frequency trading are expected to make share trading more convenient.
The new system is claimed to offer a more efficient, streamlined, and transparent trading process.
Conclusion: The introduction of individual TMS by brokerage firms is anticipated to bring ease, efficiency, and transparency to share trading. The new TMS is expected to provide additional benefits to customers, and NEPSE has begun granting approvals for these systems.
