Tullett Prebon Information, the leading global provider of financial market data, has signed a multi year agreement with Koscom Corporation ("Koscom"), Korea's leading provider of specialised IT financial services.
Koscom is the software supplier and distribution channel for the Korean Exchange.
Tullett Prebon Information will supply Koscom with a range of money market and interest rate data including spot and forward FX, non-deliverable forwards, FX options, interest rate swaps and cross-currency swaps for the local Korean and international markets. This high-quality, independent OTC information will be made available to Koscom's client base via its financial information terminal service, CHECKExpert. CHECKExpert is used by professional investors in securities firms, investment trust companies, banks, insurance companies and other financial institutions.
Tullett Prebon Information works with financial institutions and service providers, including major global and domestic data vendors for the provision of independent OTC fixed income and derivative pricing. This distribution agreement with Koscom highlights Tullett Prebon Information's on-going commitment to the Asia-Pacific financial markets and is the latest in a series of similar agreements concluded in India, China, Japan and Indonesia, most recently the multi-year agreement with Shanghai Wind Info.
Frank Desmond, Head of Europe and Asia at Tullett Prebon Information, said: "We are very pleased to be working with Koscom and assisting them in providing high quality, independent financial information to a sophisticated institutional customer base. Increasing our footprint in the Asia-Pacific region is a major focus for Tullett Prebon's information business and we hope to continue building on our successes in this area."
Jun-ho Kim, Head of Operations at KOSCOM said: "We are delighted that KOSCOM and Tullett Prebon Information are working together to target the growing Korean financial information industry. For KOSCOM, the collaboration with a leading global market player such as Tullett Prebon Information is an important step as it continues to expand its premium product offerings and services."