[2009/10/27]

Koscom established alliance with TNS for Global Market Date Distribution

Koscom(CEO Kim Kwang Hyun), a leading financial IT solution provider, announced on 27th of October that it established alliance with Transaction Network Services(TNS) and comes to provide Korean capital market data to overseas starting in November this year through TNS's Secure Trading Extranet.

With the alliance Koscom comes to build reliable, low latency and flexible network to provide Korean capital market data to overseas market. Organizations that are already part of TNS's extensive financial community can be connected to Koscom in as little as three working days.

Kang Shin, Head of the Global Business Department at Koscom said, "By connecting to TNS's Secure Trading Extranet, we are now able to extend our market data feeds to clients worldwide. We are keen to target international growth and strengthen our links with financial market participants worldwide, which TNS's resilient, secure and fast technology will allow."

John Owens, Vice President of Exchange and ENCs at TNS' Financial Services Division said, "Koscom is a valuable addition to our community and we are delighted to be collaborating with them. This agreement underpins the growing demand for fast, reliable and cost effective connectivity services which will help Koscom to reach its goal of developing its market data business globally."

TNS's Secure Trading Extranet connects over 1,500 financial community end-points and provides services to clients in over 28 countries.(The End)