Kathmandu, April 24: The Nepal Securities Board has received three applications for the operation of the new stock exchange market and four applications for opening the commodity exchange market.

According to Sebon, Himalaya Stock Exchange, National Stock Exchange and Annapurna Stock Exchange have applied for the approval of the regulator to start stock exchange business.

Similarly, Nepal Multi Commodity Exchange, Himalayan Commodity and Derivative Exchange, Multi Assets Derivative Exchange and Multi Derivative Exchange are willing to operate the commodity exchange market.

Although the stock exchange will be a parallel institution with the existing Nepal Stock Exchange (NEPSE), the commodity exchange market will be the first and new institution within the country.