BT helps Koscom attract global investors to Korea
BT Radianz services help open up new trading opportunities on Korea Exchange
BT today announced that it is working with leading Korean financial IT provider KOSCOM to build a ‘liquidity hub’ in Hong Kong, making it easier for global investors based in the city to trade on Korean financial markets. Due to be launched in July 2014, the hub will help Korea Exchange (KRX) — one of the world’s largest derivatives exchanges — to grow its business internationally.
Once launched, local and international broker/dealers will benefit from a new fast, easy and secure way to trade on KRX without the need for installing and maintaining expensive, dedicated connections. This allows global investors to realise the potential for investment on the established Korean securities in Seoul and futures market in Busan.
The ‘liquidity hub’ will be a cost-effective managed service, offered by BT and KOSCOM to BT Radianz Cloud community members. Services will be delivered via a data centre in Hong Kong directly connected to KRX in Korea through the Radianz Cloud, which supports the world’s largest secure networked financial community. Radianz Cloud helps participants globally to exchange market information, trade with each other and clear and settle transactions. Its community includes over 3,000 member locations in Asia Pacific, with more than 470 in Hong Kong.
Tom Regent, president, global banking & financial markets, BT Global Services, said: “Koscom’s ‘liquidity hub’ in Hong Kong is a great example of BT powering the trade lifecycle and helping financial markets companies combine skills with technology and sector expertise to realise their international ambitions”.
“There’s an art to bringing together all the factors needed for international business success. Koscom’s vision, backed by the great potential of Korean markets, will be a compelling new addition to the many services and applications available on our world-leading BT Radianz Cloud.”
Chung, Yundae, Chairman & CEO, KOSCOM, said: “We aim to provide market participants with creative solutions for their trading and market data needs. The expansive and unrivalled BT Radianz Cloud community brings us the opportunity to grow our customer base and increase order flows. By working with BT we will significantly extend our global reach and bring the Korean and international financial markets closer together, allowing institutions to maximise their trading performance.”
ENDS
Notes to editor:
BT’s investments into high growth markets have helped us expand and support our global customers:
• BT is a Leader in the IDC MarketScape for Asia Pacific Next Generation Telecom Services 2013*
• BT was recognised as Best Managed Services Provider at the Telecom Asia Awards for the 4th year running since 2010 and Best International Carrier in 2014.
• BT has had a direct sales presence in Asia Pacific since 1985.
• BT has offices across North-East Asia in Hong Kong (regional headquarters), Beijing, Shanghai, Dalian, Shenzhen and Seoul.
• Further details around BT Radianz Services, including names of some of the 400+ providers and brokers accessible to members of the BT Radianz Cloud can be found at www.bt.com/radianz
*Source: IDC MarketScape: Asia/Pacific Next-Generation Telcos – ICT
Services 2013-2014 Vendor Analysis, Doc #AP3053307V, Oct 2013
