February 27, 2012: KVH and Koscom to Launch Proximity Services for KRX’s Derivatives Trading
- Addressing High Frequency Trading Needs of Global Traders -
Press release: February 27, 2012
Tokyo, February 27, 2012 – KVH Co. Ltd., Asia’s leading information delivery platform, and Koscom, a leading financial IT solutions provider, announced today that they will offer proximity hosting services for the Korea Exchange (KRX) derivative trading customers at Koscom’s new data center in Busan. They will also offer ultra low-latency connectivity from overseas financial centers to Seoul and Busan through interconnections of KVH’s ultra low-latency regional network and Koscom’s Stock-net in Korea. These services will be offered in conjunction with connectivity to other key financial centers such as Tokyo, Singapore, Hong Kong, Sydney, and Chicago and will be available from June 4, 2012, when the new Koscom Busan data center opens.
The new proximity hosting service will include managed computing and network services. The new ultra low-latency service will offer the shortest network route and the lowest latency together with high availability. Both the proximity hosting service as well as the low-latency connectivity service will be fully managed with end-to-end SLAs (Service Level Agreement) and will provide traders with a competitive edge in high-frequency trading.
With the trading volume of KRX’s derivative business growing significantly, this offering will meet institutional investors’ growing need for colocation and proximity hosting services and high-speed, low-latency access to Busan. Moreover, the demand for low-latency connectivity and proximity hosting services is rapidly growing in Asia as the adoption of high-frequency trading (HFT) strategies increases. To address these evolving needs, the two companies decided to partner and pool their experience and expertise as market leaders in providing low-latency solutions in their respective markets.
Woo Joo-Ha, President and CEO of Koscom said, “With the Busan IDC center constructed, Koscom will establish a solid foothold as a global IT solution leader in a capital market and maximize the benefits of both parties through common marketing targeted at financial institutes and companies.”
Richard Warley, President and CEO of KVH said, “Low-latency networks and proximity hosting have become extremely important in today’s trading environment. KVH offers ultra low-latency connectivity in Japan and across Asia, with major financial institutions around the world using our ultra low-latency network connectivity to Hong Kong, Singapore and Chicago. With Koscom’s strong presence and expertise in the market, KVH will be able to enhance its global capabilities and services to enable global traders to capitalize on all the benefits of robust low-latency solutions.”
KVH was established in Tokyo in 1999 by Fidelity Investments as a Japan focused IT/communications service provider. As an information delivery platform that allows enterprise customers to store, process, protect and deliver their vital business information, KVH offers integrated cloud and network solutions that include infrastructure-as-a-service, managed services, data center services, professional services, data networking, internet access, and voice services. KVH operates the lowest latency network in Japan, and with over 450 financial services customers, is the leading provider of ultra low-latency network and proximity hosting solutions to the high-frequency trading community in Tokyo and Osaka. KVH also offers low-latency connectivity services between major financial markets in the Asia/Pacific region and the US including Tokyo, Chicago, Aurora, New York, Singapore, Hong Kong, Shanghai, and Sydney. More information on KVH can be found at www.kvh.co.jp/en/
Koscom was founded in 1977 by the Ministry of Finance and the Korea Stock Exchange to provide financial IT services in Korean financial market.
Since its foundation, Koscom, the leading financial IT provider in Korea, has been a prime contributor to Korean financial market development by providing the cutting-edge IT solutions in various areas including exchange systems to KRX, total enterprise systems for financial institutions, market data and IT infrastructure services including business continuity plan and disaster recovery systems.
Nowadays, Koscom is expanding its ambitions to overseas and working with various clients from different countries to set financial IT backbone as well as revolutionary development of respective financial markets.
More information on Koscom can be found at http://english.koscom.co.kr