Colt and Koscom Agree to Form a Global Securities Network Partnership

Colt and Koscom today announced that they have joined forces to form a global securities network partnership that will provide ultra-low-latency connectivity between capital markets participants in Korea and the world’s major stock and derivatives exchanges.

As part of this collaboration, financial IT provider Koscom will use Colt’s extensive, high-quality and low-latency global network service infrastructure to complement its own exclusive financial network in Korea (“Stock-Net”).

Mutual Benefits

Both companies stand to benefit from this multi-year agreement by leveraging each other’s local and global network and exchange colocation footprints, as well as the respective sales and service operation resources in Korea and around the globe.

The partnership will also create further opportunities to develop integrated financial IT and market data solutions for Korean capital markets in the future, including Colt Prizmnet, the financial extranet developed by Colt, and Koscom’s securities brokerage hub, “STP-Hub”.

Masato Hoshino, Vice President and Head of Product Management at Colt, said: “This partnership marks another important milestone for Colt and Koscom. Furthermore, it opens an even wider path to future mutual growth for us, and more importantly, for investors looking to tap into the wealth of opportunities in the Korean capital markets ecosystem, especially considering that Colt is the only company to have established such an agreement with Koscom.”

This partnership marks an important milestone for Colt and Koscom.

The partnership is underpinned by technical and commercial support for mission-critical applications in multiple languages including English, Japanese and Korean. This will allow local brokerages and investors from foreign institutions to benefit from more reliable and cost-effective connectivity when trading at Korea Stock Exchange (KRX), one of the world’s top exchanges in terms of derivatives trading volume.

Mr. Jae Wook Eom, Koscom’s Sales Division Head, added: “This global securities network partnership will enable Korean domestic securities and futures companies to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term high-quality and low-cost infrastructure for offering their financial services to exchanges around the globe, including Japan, Southeast Asia, the U.S., and Europe. At the same time, international investors will also be able to reduce their costs when launching business initiatives in Korea. This will key in accelerating the globalization of Korean capital markets.”

Finance Magnates recently reported on Colt when the company announced that it expanded its Asia coverage by adding three new data feeds to its low-latency MarketPrizm Market Data service as part of its capital markets offering. This included high-speed data feeds for equities, derivatives, commodities and FX from more than 50 exchanges and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term venues worldwide.