Nepse real-time update on TV, display boards soon

People will no longer have to browse the internet or visit the stock broker´s trading floor to get the market information as they would be able to watch live update of the bourse on television set.

Nepse is also planning to join hands with a television channel to stream live update of the stock market on TV. Similarly, Nepal Stock Exchange (Nepse) is also installing a LED visual display board in Singha Durbar this week to provide real-time update of share market to the public.

According to Sitaram Thapaliya, general manager of Nepse, the display board would offer live update of the market as well as the closing prices of the listed companies.

“We have already started working on installation of the display board in front of Singha Durbar main gate. The display board would come into operation by the end of this week. We are also planning to install similar boards in two more places in coming fiscal year (FY) 2014/15,” said Thapaliya, adding that the main motive behind installing such boards is to attract more people into investing in the share market.

Thapaliya said people would be able to see and read the market update on the display boards from approximately 500 meters away. Likewise, he said live scrolling of market update would come into effect by the end of this month.

“Some Nepali television channels have expressed interest in streaming live update of the market for free. Live stream may come into effect by the end of this month,” he said. Apart from real time market update, television channels would also continue to provide market information after closing.

 “The television channel would provide all information displayed on the website or the trading floor of the brokerage firm,” Thapaliya added.

Narendra Sijapati, president of Stock Brokers Association of Nepal (SBAN), told Republica the real-time scrolling of the market information on television and LED display board would help raise awareness and provide information to the investors as well as the public.

“Few old and loyal clients can order their purchase/ sell of shares with the brokers on the basis of the trust and credibility, but the investors have to come to the brokerage firms for trading,” he said.

source: republica,12 july 2014
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