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Choosing broker technology

Build, buy or LSNEP: an honest comparison.

There are three ways to modernise a brokerage's technology. Each suits a different firm. This page sets out the trade-offs plainly, including where building your own wins.

Three paths, one decision
Build in-house
Time to launch
Upkeep
Your brand
Rule changes
Generic package
Time to launch
Upkeep
Your brand
Rule changes
LSNEP
Time to launch
Upkeep
Your brand
Rule changes
Ready in weeks

A qualitative sketch. The full comparison, including where building in-house wins, is below.

Side by side

How the three paths compare

StrengthDependsWeakness

Time to first launch

Build in-house

Long. Hiring, design, build and testing before clients see anything.

Generic package

Medium. Installation and configuration, then adapting your processes to the package.

LSNEP

Phase 1 in about 6 to 8 weeks after discovery.

Upfront cost profile

Build in-house

High. Salaries and infrastructure before any return.

Generic package

Licence fees up front, plus customisation.

LSNEP

Agreed per broker after discovery, by modules and active clients.

Control and ownership

Build in-house

Full control of every feature and release.

Generic package

Limited to what the package and its roadmap allow.

LSNEP

Your brand, your data and your priorities in the roadmap; the platform is shared engineering.

Your brand

Build in-house

Fully yours.

Generic package

Often the vendor's look, with your logo added.

LSNEP

Your name, colours and domain on app, portal and site.

Compliance changes

Build in-house

Your team tracks every SEBON and NEPSE notice and builds each change.

Generic package

Depends on the vendor's release schedule.

LSNEP

Rule changes are built once and delivered to every brokerage on the platform.

Security and resilience

Build in-house

Entirely your responsibility: testing, monitoring, backups, incident response.

Generic package

Shared with the vendor; visibility varies.

LSNEP

Separate data per brokerage, audit logs, monitoring, tested backups, a security test before go-live.

Staff you need

Build in-house

A full engineering, security and support team.

Generic package

Administrators for the package, plus vendor support.

LSNEP

A named rollout contact on our side; your team focuses on clients.

NEPSE approval

Build in-house

Needed if you build a trading system; the approval risk is yours.

Generic package

Needed for a trading system; depends on the vendor's standing.

LSNEP

Not needed for Phases 1 and 2. The trading portal is a later phase, only with NEPSE approval.

Fits your current TMS

Build in-house

Possible, but you build every integration.

Generic package

Often assumes its own trading system.

LSNEP

Designed to run alongside the trading system you use today.

Which fits you

When each path makes sense

Build in-house when

You have a large, stable engineering team, technology is central to your strategy, and you are ready to carry security, compliance and approval risk yourself for years.

A generic package when

Your processes already match the package closely, branding matters little to you, and you are comfortable with the vendor's roadmap and reliability.

LSNEP when

You want visible change for clients in weeks, your own brand everywhere, no new NEPSE approval for the first phases, and a team that keeps up with rule changes for you.

Due diligence

Ten questions to ask any technology provider

Including us. Ask for written answers before you sign.

  1. 01Does it run alongside our current trading system, or does it require replacing it?
  2. 02Which parts need new NEPSE approval, and who carries that risk?
  3. 03Whose brand do our clients see in the app, on the portal and in notifications?
  4. 04Is our data stored separately from other firms, and can we export all of it at any time?
  5. 05How are SEBON and NEPSE rule changes delivered, and how quickly?
  6. 06Who tests security, how often, and will we see the results?
  7. 07How are backups taken, and when was a restore last tested?
  8. 08What happens during an outage in trading hours, and how are we told?
  9. 09Who is our named contact during rollout and after go-live?
  10. 10How is the price calculated, and what happens to it as our client base grows?

Ask us all ten questions.

Book a 30-minute walkthrough and we will answer each one in writing for your firm.

Book a demo How it works