Koscom, providing over-seas futures price using a leased line…
strategic cooperation with MFGS
2011. 7. 13
<Koscom executive director(right) and CEO of MFGS contracted at Koscom Head office on 12th.>
□ Domestic investors will have wider & better access to over-seas futures trading.
□ Especially from the next month, investor’s trading platform will be upgraded for the over-seas futures trade. They will be able to have the brisk trading with overseas futures price provided by a leased line.
□ Financial IT Solution Institute, Koscom, announced on July 12th, signed an agreement with Global Futures trading company-MFGS (MF Global Singapore) for "Over-seas Future Trading Business agreement".
□ MFG which head office located on New York, USA, has been begun financial business in 1980’s. For now, the corporation has 70 world major trading institutes and about finance product & derivative product of 20 outside markets membership.
□ As following the agreement, Koscom provides the system between investors and MFGS connection, MFGS provides brokerage service for ordering over-seas futures.
□ Investors who use the Koscom over-seas future trading service, wide range of trading markets will be able to access.
□ Investors have been loses and defects on the data feeding process. As set on leased line, investors are able to get a stable condition of data feeding.
□ Yoon Seok-dae, a executive director of Koscom, foresees the huge distribution for the over-seas investor’s trading business and stated that "this contract is the result of 2 years for the both corporation’s strength combination."
□ CEO of MFGS stated that "this contract will be a step stone of Korea business." and "Partnetship of both companies will be the expert for the Korea stock market."
□ Koscom will steady extend markets of FX margin trade, global stock, etc. depend on the result of this business contract with MFGS.