IPC Systems, a leading provider of voice and electronic trading communications solutions to the world's top financial services firms and global enterprises, today announced that Koscom, a leader in global financial IT solutions, has selected two of IPC's Financial Markets Network offerings, the Connexus Financial Extranet service and the Direct Connect data service, to update their Busan facility's capabilities to fulfill the mission critical requirements of their international clients in the Korean financial industry.
Leveraging IPC's Connexus, Koscom's international clients can connect to member brokers and market data to make profitable trading decisions, as well as the ability to connect to a network that hosts a vast community of capital markets participants across virtually every trading destination in the world.
Koscom has also leveraged IPC's new cable path from Tokyo, enabling global electronic trading clients to connect to Koscom's Busan facility and its derivatives engine without going via Seoul. Via Direct Connect, IPC has enabled foreign firms using Koscom's Busan facility rapid access to key global financial market participants including buy-side firms, liquidity venues, market data providers, independent software vendors and data centers, extended their market reach, enhanced their communications capabilities, increased their productivity and reduced their administrative expenses.
"Since its foundation over 30 years ago, Koscom has led the development of the Korea securities and futures market through providing IT infrastructure. With advanced IT infrastructures and accumulated experiences, we take our role as the unique IT solution provider seriously by offering cutting-edge technology," said Koscom officials. "By using IPC's Connexus and Direct Connect, we are provided with professionally managed connectivity that enables us to provide our international clients with highly sophisticated access to Korea's financial markets."
"IPC is committed to providing industry leading, value-added network solutions for traders in a reliable and secure environment," said David Dodd, senior vice president and managing director Asia Pacific for IPC. "Given the rapid growth in the Korean market and its distinct challenges, Connexus and Direct Connect enable Koscom to provide financial extranet and direct connectivity services with global reach and superior customer service along with fast and efficient access."
Connexus is part of the IPC Financiaal Markets Network service portfolio which also includes private extranet and DirectConnect data services, as well as Trader and Enhanced voice connectivity services. IPC's Financial Markets Network interconnects global financial centers and allows access to more than 4,000 market participant locations in over 700 cities in nearly 60 countries. Built on an IP/MPLS backbone, the highly scalable and secure Connexus supports a number of industry standard and trading protocols.