[2010/08/24]

Concluded an outsourcing contract with JP Morgan Securities for an overseas futures ledger system

Koscom, a leading financial IT solution provider, has concluded an outsourcing contract on August 24 with JP Morgan Securities for an overseas futures ledger system.

Under the contract, Koscom provides a ledger system and HTS for overseas futures trading. Now, JP Morgan Securities secured IT solutions allowing the company to strengthen the competitiveness keeping pace with the environment of overseas capital markets and to make clients at home and abroad easy to invest in overseas futures market.

Koscom has developed an overseas futures ledger system since December last year based on PowerBase, a next generation ledger management solution, and provided the system to domestic and foreign securities and futures firms.

"We have made steady progress on the outsourcing solutions for trading in overseas capital markets targeting our clients using PowerBase. As a result, we have secured three clients including JP Morgan Securities. And we will make further efforts to improve the quality of the system so that we can have more clients down the road." said Kim, Chang Soo, head of Strategic Business Unit of Koscom. (The End)