NYSE Tech and Koscom to Cross-Connect Trading
NYSE Technologies will cross-connect its 1,300-member trading community to Koscom's STP Hub of 130 key Korean firms. This linkage provides customers of both companies with FIX connectivity to facilitate cross-border trading and enhanced client access to available liquidity venues.
NYSE Technologies and Koscom will continue to identify additional value-added opportunities based on complementary products and expertise. Other initiatives could range from facilitating the provision of market data services which support bi-directional international capital market investments; or partnering on solutions in preparation for changes and fragmentation in the Korean market.
"We anticipate that this joint business initiative will provide diverse trading opportunities of global financial products to domestic traders," says InSoo Kim, deputy president of Koscom. "Koscom aims to enhance its global competitiveness and attract capital markets flow into Korea through this agreement that emphasizes our long-term cooperative action with NYSE Technologies. It is a proactive response to our country's deregulation measures."
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