02/02/2022
February 1, 2022
Greetings from S.M.T.M. Capital!
S.M.T.M. Capital has been providing market data, analytics, and visualization services to institutional and retail investors in Nepal for more than 6 years. Our clients include most institutional investors, educational institutions, banks, brokerages, media, and a growing retail clientele.
In recent times, however, we are unable to meet the high standards that our clients have come to expect from us and that we have set ourselves, especially with respect to timely live data provision. As all contracts for our products and services mention, live market data is sourced from NEPSE’s website and unfortunately, S.M.T.M. Capital does not have access to NEPSE’s data API.
Repeated consultations with NEPSE regarding a transparent, accountable, and fair consumption of their data for all market participants has been unfruitful. Discriminatory distribution of their data has provided unfair advantage to selected market participants and has not only disadvantaged our clients but also eroded integrity and trust in the only exchange in the country.
In light of these developments, S.M.T.M. Capital has sought legal counsel for corrective action to ensure all market participants are treated fairly by NEPSE. We will be unable to provide timely price and volume related data till NEPSE also provides us a formal, transparent, and legal access to their data API.
Thank you.
Shreyas
