Independent Investor Ajay Shrestha Alleges Private Company Control Over NEPSE's NTS, Demands Open Competition
Summary
Independent investor Ajay Shrestha has accused a private company of controlling NEPSE’s Nepal Online Trading System and called for open competition and free API access in Nepal’s capital market technology. He also urged SEBON to examine the ownership structure of Trade Management System companies and address possible conflicts of interest.
Key Points
- Ajay Shrestha alleged that a private company controls NEPSE’s Nepal Online Trading System despite it being owned by the stock exchange.
- He demanded open competition and free API access to support technological development in Nepal’s capital market.
- Shrestha urged SEBON to study capital market data access and the ownership structure of TMS operators for possible conflicts of interest.
- He suggested NEPSE could also develop technology through its own subsidiary and called entrepreneurial effort ‘sweat equity value’.
