Koscom

Koscom
Public
Industry Financial IT Service
Founded 1977 as Korea Securities Computing Corporation
Headquarters Seoul, South Korea
Key people
Woo, Joo Ha, CEO and Chairman
Revenue

₩203,862,168,098[1] KRW

$209 million USD (2007)
Number of employees
507 full-time[2] (2007)
Slogan True IT Partner
Website www.koscom.co.kr

Koscom (acronym of Korea Securities Computing Corporation Korean: 코스콤, Koscom) is a Korean financial IT solutions company launched by the Ministry of Finance (MOSF) and the Korea Exchange (KRX) in 1977.[3] It has five corporate divisions with providing IT infrastructure to the Korean financial securities and futures market. Koscom also offers online stock trading systems that enable users to access to financial database and place trades by Home Trading System or using a customized terminal for professional traders in securities as well as other electronic financial services. Major Korean financial firms have subscription to the Koscom's online trading services including market news, price quotes and financial market data.

History

Koscom was established in 1977 by the Ministry of Finance and the Korea Exchange. In 1980s, a synthesized electronic financial system for operating the entire capital market was required due to a rapid growth of the Korean stock market. In order to provide customers with a stable environment for making safe, easy and speedy stock trading with every financial services company, Koscom launched electronic financial services by building automated trading systems for securities firms, insurance companies, government agencies and banks. The Korea Exchange is the largest shareholder of Koscom and a quarter of its shares split into several securities firms. Since Korea has opened its financial market to foreign investors in 1992, Koscom has been developing an integrated online financial system that would be utilized by the financial community to accurately monitor and analyze the entire capital flow of the Korean financial market. In 1988, Koscom initially introduced automated trading systems for financial markets. Koscom developed a data search tool and began to install terminals including the latest service called CHECKExpert[4] for professional investors or brokers. The system also provides the latest market activity news and information on securities firms or information businesses as well as real-time financial market data movement to its users. The company launched STOCK-NET(1991), CRS2000(1999), SignKorea(2000) and ISAC(2003) services.

Milestones

Services and products

All trading processes involved with the listed companies on the Korea Exchange are automatically executed by online ranging from placing orders to trade matching, reporting and settlement. Korea Exchange (KRX) Trading System is categorized into three sections as below;

The unlisted securities which are not listed on the Korea Exchange or KOSDAQ are traded on the Korea Securities Dealers Association (KSDA) FreeBoard. Koscom implements and operates electronic systems for the FreeBoard and OTC Bonds Trading.

See also

References

  1. "Koscom Financial Year". Koscom. Retrieved 2007.
  2. "Koscom Employees". Koscom. Retrieved 2007.
  3. "Koscom Overview". Koscom. Retrieved 2007.
  4. "Check Expert". Koscom. Retrieved 2007.

External links

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