[2009/01/13] 

Koscom built linked securities ordering network with Bloomberg

The synergy will be maximized through linking the global securities ordering network.

Koscom announced on Jan. 13th of 2009, Bloomberg which provides electronic securities ordering & delivery service, agreed to cooperate on linking the ordering & delivery network with Koscom.

Two companies agreed to develop a leased line between Koscom STP(Straight Through Processing) HUB and Bloomberg HUB to provide fast and simple delivery service of electronic securities orders to institutional investors and securities companies.

Subsequently, the linked ordering service between domestic STP-HUB customers from Bloomberg terminals is now possible that the time of building and developing a system for member companies will be reduced dramatically.

This profits domestic securities companies who can diversify the ordering windows coming from overseas without any other development by using existing STP-HUB.  Institutional investors can easily trade stock and financial derivatives  through existing route that the overseas investment forecasts to be revitalized.

Bloomberg is a global firm that provides news and data.  BLOOMBERG PROFESSIONAL service supports the ordering between the terminals and provides electronic ordering & delivery service for over 1,900 financial institutions around the world.

Kosocm plans to prepare the global hub to exchange information with over 1,900 financial institutions around the world and revitalize the trading by using STP followed by capital market integration.  And Koscom also plans to contribute the technological part of financial policy of government by expanding the range of asset management related to stock and futures.

STP(Straight Through Processing)

Straight Through Processing (STP) enables the entire trade process from trading to payment for capital markets to be conducted electronically.  This is performed by allowing information that has been electronically entered to be transfered from one party to another in the settlement process without manually re-entering the same pieces of information repeatedly over the entire sequence of events.

Koscom STP-HUB

The Koscom STP-HUB system connects the order-routing systems of local and global buy-sides with those of the sell-sides, providing full automation from order to settlement.

Bloomberg company profile

Bloomberg was founded in 1981 to create an information-services, news and media company that provides business and financial professionals with the tools and data they need on a single, all-inclusive platform.

BLOOMBERG PROFESSIONAL service

The BLOOMBERG PROFESSIONAL service seamlessly integrates real-time and historical information on about 5 million bonds, equities, commodities, currencies and funds.(The End)