22 September 2017
Visit http://response.ncr.com

Island forms ECN joint venture in South Korea with Uclick

22 June 2000  |  3420 views  |  0 Island forms ECN joint venture in South Korea with Uclick

Electronic communications network (ECN) Island is to form a joint venture with Uclick, a South Korea-based financial Internet portal and technology company, to create the first ECN in the Korean securities market.

Pending South Korean regulatory approval, the new ECN will trade securities listed on both the Korean Stock Exchange and the Kosdaq, as well as provide South Korean investors access to Island's current market for US equities.

The intiative marks the first move by Island to tap into burgeoning online markets beyond US borders. More than 50 percent of transactions in the South Korean market are conducted online.

"The speed, reliability, and efficiency of Island, in combination with Uclick's expertise in the Korean financial markets, will allow us to provide the best service possible to the individual investor," cliams Matthew Andresen, president of Island. He says the partnership will also serve as a base for the launch of a Pan-Asian ECN.

During the first quarter 2000, Island's US trading volume exceeded 12 billion shares, which accounted for a total dollar volume of more than $806 billion.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related blogs

Create a blog about this story (membership required)
visit www.temenos.comvisit www.sibos.comvisit www.vasco.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12471 views comments | 26 tweets | 42 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10949 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9525 views comments | 6 tweets | 3 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8146 views comments | 18 tweets | 26 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
8111 views comments | 5 tweets | 4 linkedin

Featured job

Find your next job