Page 1 - MEX Express - Vol 14

Mercantile Exchange Nepal Limited
Invest - Trade - Earn
An ISO 9001:2008 Certified Exchange
KYC: Platinum
PAGE 2
From the CEO’s Desk
At this point of time, I would gladly
like to take this opportunity to
share to all the stakeholders of the Nepali
financial market, especially commodity
market, about the launch of our new
Exchange SolutionAX1, the sole purpose
of which is the increased level of transparency in the ongoing
commodity trading practices and also added plans to launch
the local deliverable products. It gives immense pleasure to
observe the positive feedback about the new software from the
overall commodity market.
Continuing the series of good news, the budget of the country,
popularly known as the fiscal policy, has finally addressed the
regulation issue of the Nepali commodity market. “Morning
shows the day”- the saying holds, the budget has announced the
regulation of the commodity exchanges under the supervisory
authority, Securities Board of Nepal (SEBON). Besides that,
the tax policy has also been amended with the required changes
that would benefit the clients. As we had been mentioning,
MEX Nepal is one of the pioneers in the country to start the
tirade of the discussions on the need of the regulatory body
and regulations for the commodity exchanges in the country,
finally all the efforts have been showing up as some distinct
shape in the form of upcoming regulation.
It is true that it makes a lot of difference when something is
done with a balanced and encouraged state of mind and when
the situation is contra; and this period, when we are obsessed
and obliged with the foundation of highly anticipated regulation
supported by our new trading platform, it will surely help create
a conducive environment in the Nepali commodity market.
We are aware of the fact that the coming days would be more
challenging for us, complying with the upcoming regulations
and introducing local products in the product domain of ours.
But we are all prepared and ready to take on the challenge. We
will take on this challenge and as a matter of fact, MEX Nepal
will soon come up with the local products which will further
boost the confidence of our clients in the niche market.
To conclude, I would only like to mention that Doing days are
on now and MEX Nepal would not leave a stone unturned in
doing the best to provide the market with new products and
new trading dynamics which will justify that the commodity
market has a long way to go and MEX Nepal will surely lead
the way with diligence and innovation.
- Jitesh Surendran
CEO, MEX Nepal
MEX EXPRESS www.facebook.com/mexhome
MEX EXPRESS
A Smart Solution for Online Trading
www.mexnepal.com
Volume: 5 • Issue: 2 • Year: 2013 A.D
MEX News Portal Market’s Perspective
PAGE 3 PAGE 4
Commodity Trading:
Beyond the Console!
There has always been a major concern from the clients’ end regarding the transparency and reliability of trading software in
the Nepali commodity market. Overcoming the shortfalls and satisfying all the basic themes of commodity market, MEX Nepal
has come up with the new advanced version of trading console, State-of-the-art AX1 Exchange Solution-MEX Nepal Trader and
Manager, which would put a new benchmark among the Nepali commodity exchanges. The new Manager and Trader Consoles
are believed to facilitate the highest level of transparent sphere in Nepali commodity market space.
During my recent market visit to one of the brokerage firm (not associated with MEX Nepal), I had a very meaningful
interaction with some of the clients who were trading with humongous amount. During the conversation with the traders, I
found that in the absence of clarity of fundamentals of the market mechanisms, the traders were not very much satisfied with the
(Contracts for Difference) CFD (then active trading mechanism) market operations. The prime attribute of their dissatisfaction
was the ambiguous trading mechanism, at least for them. At that particular moment, I completely agreed on their stands and
greeted their queries with a big “YES” for a radical shift in the trading module, but also informed them that they have to get
themselves acquainted with the software and market mechanism that exchanges use.
AX1 MEX Trader Console where client’s orders cannot be modified.
For the fair and genuine order execution and to maintain the market reliability, it’s very important to have the facility of order
tracking system for the broker/trader as well as general awareness about the back-end software. Normally, the software’s can be
purchased from the software companies embedded with flexible facilities which may be used by the dealer in the various ways
and can maintain different set of parameter for the different users in one trading system.
This kind of market initiative by MEX Nepal, where there is complete market transparency rights from the open order
to order execution, would surely bridge the gap between the market participants and develop the environment of trust and
transparency which is also a prerequisite of the commodity exchanges all round the globe and also an initiative in Nepali
commodity sector which would surely change the landscape of Nepali commodity market to bring satisfactory result among the
market participants.
Lakshman Pandit
Manager
Business Development
Department
MEX Nepal
www.twitter.com/mexnepal Page 01