[2010/10/5]

Koscom made a strategic alliance with Deutsche Bank AG for outbound transactions

Koscom said on October 5 that it has signed a MOU with Deutsche Bank AG(CEO, Dr. Josef Ackermann), one of the world's leading financial service providers, and decided to form a strategic alliance for outbound transactions of overseas futures and FX margin listed on the major exchanges including Eurex.

The agreement allowed Koscom to secure a leading FCM(Futures Commission Merchant) for outbound transactions. Also, the companies agreed to jointly discover new business model and opportunity as well as to actively push forward technology exchange.

"Koscom has been maintaining friendly relations with Deutsche Bank AG for trading solutions, PowerBase and a ledger system. And I believe the alliance will help us greatly to expand into global markets." said Kim, Kyung Hyun, CEO of Koscom.

Drew Bradford, managing director of Deutsche Bank AG, also stated, "I expect that Koscom's various solutions and cutting-edge technologies will strengthen the competitiveness of us and our customers as well. And it will eventually lead to the development of both Koscom and Deutsche Bank AG." (The End)