IPC Systems, a leading provider of trading communications solutions to the world's top financial services firms and global enterprises, today announced that it has extended its worldwide financial markets network infrastructure with high-speed connectivity to the Korea Exchange (KRX).
Based in Seoul, Korea, KRX IT Infrastructure is operated by Koscom Corporation, a driving force behind the development of capital markets in Korea for the last 30 years.
By leveraging the global connectivity provided by IPC, its financial services customers will be able to trade across the KRX portfolio of trading destinations, including the KOSPI market trading system, the derivatives market trading system for futures and options listed on the KOSPI200 Stock Index, as well as, the KOSDAQ market trading system that supports trades from order placement through to settlement. Customers will be able to connect to the IPC network hub in Seoul using IPC Electronic Connectivity Services (ECS), with Koscom's onward direct connection to its trading destinations in Yoeuido and Seocho.
The announcement follows IPC's recent investment in the development of its pan-Asian Optical Network, which connects major financial centres across the region. Its newly upgraded network infrastructure enables the delivery of ECS over the company's secure, high speed service platform to support the growing demands of the Asia-Pacific trading community.
"Koscom provides various financial IT solutions and services and Korean market information inside and outside of Korea, thus we are actively involved in developing the exchange's profile across a range of international initiatives," said Jung Eui-Yeon, CEO of Koscom Corporation. "It is essential for us to accelerate our transformation into a global market, so we chose IPC to open up our markets to its 4,000 on-net market participants by providing connectivity to KRX."
"Korea is a critical destination for today's international trading community, and we're pleased to introduce the high performance and reliability of the IPC ECS to KRX," said Peter Noh, APAC regional sales director, IPC Systems. "Connecting to KRX, with Koscom, helps us increase capacity throughout the Asia-Pacific region. IPC is focused on providiing its trading customers with dependable delivery, maximum levels of throughput and low latency services. It is well-placed to introduce a growing number of European and North American customers into the increasingly accessible Korean financial marketplace."