[2009/11/19]

Koscom successfully operated KRX's CME-linked Global Market System for KOSPI200 Futures

Koscom, a leading financial IT solution provider, successfully operated KRX's CME-linked Global Market System for KOSPI200 Futures on November 19, after 11 months of development.

This system is the first USG(Unified System for Global Market) in Korea to enable investors to trade KOSPI200 Futures listed on CME (Chicago Mercantile Exchange) through Global HTS : system which sends orders to and receives trading results from the Globex, CME's 24-hour trading system.

Koscom applied international standard protocol(FIX, FIX/FAST), MQ, and Rendezvous  to develope CME-linked I/F, order execution and margin control, data management, price and global index distribution, and Global HTS. Koscom also ensured system stability through compatibility verification among CME's Globex, KRX's EXTURE, and 31 securities and futures firms.

Moreover, Koscom reduced IT cost of member companies by developing unified system for order routing and quotes delivery. It also gained a foothold to link easily with developed global markets by applying FIX protocol.

Koscom expects that the successful operation of CME-liked Global Market System will be a good chance for Korean financial IT to be recognized in the global market.(The End)