KVH Co. Ltd., Asia's leading information delivery platform, and Koscom, a leading financial IT solutions provider, announced today that they will offer proximity hosting services for the Korea Exchange (KRX) derivative trading customers at Koscom's new data center in Busan.
They will also offer ultra low-latency connectivity from overseas financial centers to Seoul and Busan through interconnections of KVH's ultra low-latency regional network and Koscom's Stock-net in Korea. These services will be offered in conjunction with connectivity to other key financial centers such as Tokyo, Singapore, Hong Kong, Sydney, and Chicago and will be available from June 4, 2012, when the new Koscom Busan data center opens.
The new proximity hosting service will include managed computing and network services. The new ultra low-latency service will offer the shortest network route and the lowest latency together with high availability.
Both the proximity hosting service as well as the low-latency connectivity service will be fully managed with end-to-end SLAs (Service Level Agreement) and will provide traders with a competitive edge in high-frequency trading.
With the trading volume of KRX's derivative business growing significantly, this offering will meet institutional investors' growing need for colocation and proximity hosting services and high-speed, low-latency access to Busan. Moreover, the demand for low-latency connectivity and proximity hosting services is rapidly growing in Asia as the adoption of high-frequency trading (HFT) strategies increases. To address these evolving needs, the two companies decided to partner and pool their experience and expertise as market leaders in providing low-latency solutions in their respective markets.
Woo Joo-Ha, President and CEO of Koscom said, "With the Busan IDC center constructed, Koscom will establish a solid foothold as a global IT solution leader in a capital market and maximize the benefits of both parties through common marketing targeted at financial institutes and companies."
Richard Warley, President and CEO of KVH said, "Low-latency networks and proximity hosting have become extremely important in today's trading environment. KVH offers ultra low-latency connectivity in Japan and across Asia, with major financial institutions around the world using our ultra low-latency network connectivity to Hong Kong, Singapore and Chicago. With Koscom's strong presence and expertise in the market, KVH will be able to enhance its global capabilities and services to enable global traders to capitalize on all the benefits of robust low-latency solutions."