July 2024 witnessed a significant milestone as ATrad, Sri Lanka's premier platform for online stock trading and stockbroker back-office solutions, went live in Nepal at the Nepal Stock Exchange (NEPSE) and successfully completed the first set of live orders.
Renowned for its excellence, ATrad empowers clients with real-time remote order placements, portfolio management, advanced analytics, and seamless transactions, setting the benchmark for reliability and quality standards.
With an unrivaled presence in the Colombo Stock Exchange (CSE), ATrad, a Strategic Business Unit of IronOne Technologies, commands an impressive 90% market share for stock trading, illuminating its leadership in the field. Over 80% of trade initiations within the CSE stem from the ATrad platform.
The Nepal Stock Exchange (NSE) embarked on an exhaustive quest for a technologically advanced third-party stock trading platform to accommodate the nation's burgeoning capital market. ATrad emerged as the chosen solution outshining numerous contenders, with the official announcement cementing its selection in May 2023. Collaborating with Nepalese partner DigiHub, the ATrad team has succeeded in onboarding an impressive 70% of exclusive brokerage firm partners among the country's stockbroker firms.
"Expanding ATrad into the vibrant Nepal market is a testament to our commitment to fostering global financial growth. Through our partnership with DigiHub, we are embarking on a journey to elevate Nepal's capital market, empower investors, and shape a 'Digitized Nepal' in line with the nation's vision. Our late CEO, Mr. Rajitha Kuruppumulle, ignited this aspiration, and we're dedicated to carrying his vision forward with unwavering determination." – Lakmini Wijesundera, Founder and Executive Director of IronOne Technologies.
The introduction of Digihub in Nepal signifies a pivotal step towards achieving Nepal's vision of a "Digitized Nepal." By joining forces with DigiHub, ATrad has fortified and elevated the technological landscape of the nation's capital market. Distinguished as the first Sri Lankan stock trading platform that expanded internationally, ATrad is actively working towards becoming the market leader for stock trading in the Nepal market.
ATrad's remarkable journey owes much to its dedicated and talented team, committed to incessantly enhancing the platform's capabilities to thrive in the international arena. A special tribute is extended to the late CEO, Mr. Rajitha Kuruppumulle, whose visionary spirit catalyzed ATrad's international expansion. His legacy continues to inspire and drive the realization of this monumental achievement.
ATrad has set its sights on conquering global markets, with its successful entry into the Nepalese market marking the first step in this ambitious journey. The platform's positive reception in Nepal underscores its adherence to international standards and its capability to meet diverse market needs. ATrad is committed to empowering emerging broker firms by providing them with the tools and support needed to obtain licenses and establish a strong global presence. By nurturing growth and fostering innovation, ATrad aims to drive the future of stock trading on an international scale.
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