Broker companies can now operate their own new TMS in Nepal from Sunday, Ashoj 20 making share-trading more flexible and convenient for customers. These new trade management systems come with some noticeable benefits and advantages making share-trading more versatile and efficient.
So far, broker companies have been using TMS accounts issued by the Nepal Stock Exchange designed by YCO. Their customers use TMS logins issued by the stock brokers. However, the companies can now use their own TMS accounts.
Starting this novel practice, NAASA Securities and South Asian Bulls Pvt. Ltd. began operating their own TMS accounts. It has been said in the past that at least 34 broker companies will use their own TMS system.
With brokers switching to their own TMS, users are notified of the change and get new login details via mail. Likewise, the official login URL, mobile app name, user manual, etc. are to be provided to ease users with the new TMS.
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Difference of broker companies’ TMS vs NEPSE’s TMS
While TMS is used for share trading in the secondary market and remains the core purpose even with brokers coming with their own, there are, however, some benefits with the latter. With the current YCO-made TMS, one could only transact shares. However, the brokers’ TMS accounts are available on mobile, desktop, and web platforms.
Additionally, the new TMS comes with tools to help with technical analyses of the market and share trends. The amount equaling the sold share appears in the investors’ account. In this TMS, the investor also gets daily details of the amount due to the broker and the amount receivable by him.
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It’s likely that more brokerage firms will join in and start using their own TMS profiles soon. We will have updates on new developments right here.
Other brokers are also set to introduce their own TMS for customers. This includes Dynamic Money Manager (broker no. 44), Trishakti Securities (Broker no. 48), Pragyan Securities (Broker no. 10), and Nepal Stock House (Broker no. 14) which are readying their preparations for their independent TMS service.
What do you think of the broker companies using a new TMS account? Will it elevate your share market activities? Do share in the comments below.