South Korea-based financial IT provider Koscom is building a 'liquidity hub' in Hong Kong with BT to assist Hong Kong-based global investors to easily trade on the South Korean financial markets.
Set to launch in July 2014, BT expects the "liquidity hub" will help South Korea Exchange (KRX) -- one of the world's largest derivatives exchanges -- to grow its business internationally.
Once the "liquidity hub" is launched, local and international broker and dealers can "quickly, easily and securely" trade on KRX without installing and maintaining expensive, dedicated connections, said BT. This allows global investors to invest on the South Korean securities in Seoul and futures market in Busan.
Direct connection from HK data center to South Korea Exchange
Offered by BT and Koscom to BT Radianz Cloud community members, the "liquidity hub" will be delivered via a data center in Hong Kong directly connected to KRX in South Korea through the Radianz Cloud, which supports the world's largest secure networked financial community.
BT's 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.
"There's an art to bringing together all the factors needed for international business success, said Tom Regent, president, global banking & financial markets, BT Global Services. "Koscom's vision, backed by the great potential of [South] Korean markets, will be a compelling new addition to the many services and applications available on our world-leading BT Radianz Cloud."
"We aim to provide market participants with creative solutions for their trading and market data needs," said Chung, Yundae, Koscom's chairman and CEO. "By working with BT we will significantly extend our global reach and bring the [South] Korean and international financial markets closer together, allowing institutions to maximize their trading performance."