Imported from previous forum
Korea Investment and Securities is strengthening its new overseas business division with a connection to Transaction Network Services’ Secure Trading Extranet, enabling the broker to offer direct market access to clients.
The link with Transaction Network Services Inc. (NYSE:TNS) will provide Korea Investment and Securities Co., Ltd. (KIS) with fast, secure and reliable FIX connectivity and access to TNS’ extensive financial community of interest. TNS’ network incorporates over 1,000 end-points, representing more than 550 buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues around the world.
Simon Mun, managing director of KIS’ overseas business division said: “TNS’ Secure Trading Extranet will play a key role in helping us attract business from beyond South Korea’s borders. Take up of direct market access continues to grow at a rapid rate and we are keen to assist clients by offering this service. TNS’ network makes direct market access quick and easy in a secure environment.
“In addition to facilitating this, we’ll also be able to extend our reach to other organisations linked to the Secure Trading Extranet and a pool of potential new business opportunities.”
Seoul-based KITC was established in 1974 as the first investment trust company in Korea, specialising in asset management. The organisation was reformed in 2005 when it merged with Dongwon Securities, a specialist in brokerage, investment banking and derivatives trading. This union made Korea Investment and Securities one of the largest securities firms in the country.
Alex Walker, Senior Vice President and General Manager, Financial Services Division, said: “We’re delighted to be welcoming KIS onto our network and helping it connect with overseas markets. TNS’ Secure Trading Extranet is optimised to handle mission-critical connectivity, including support for direct market access, making it a valuable low latency technology for the rapidly growing financial community in Asia.”
TNS’ Secure Trading Extranet boasts over 100 points of presence and provides services to customers in 28 countries across America, Europe and the Asia Pacific region, with its reach extending to many more. Access to the TNS network is via a single, fully-managed connection and links with other organisations within the community of interest can be made within just three days.
Financial institutions using TNS’ network can exchange a variety of trade-related messages, including indications of interest, order routing and trade executions, as well as receiving consolidated and real time market data.
For further information about TNS log onto www.tnsfinancial.com
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About Transaction Network Services
Transaction Network Services (TNS) is an international communications company that enables payments, money and voices to move data around the world.
TNS’ mission is to enable the world to transact. It does this through a broad range of networking, communications and value added services, which it provides to many of the world’s leading retailers, banks/processors, telecommunications companies and financial markets.
Since its inception in 1990, TNS has designed and implemented multiple data networks, each designed specifically for the transport of transaction-oriented data. TNS’ networks support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods. Today, TNS has offices throughout the world serving customers in 28 countries with the ability to provide services in other countries.
For further information about TNS, visit www.tnsi.com
Statements and information contained in our press releases and newsletters that are not descriptions of historical fact may contain forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond our control, which could cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods. www.tnsi.com
For further information please contact either:
Gemma Walters/James Hickman Clare Cockroft
Ptarmigan Consultants TNS
Tel: +44 (0)113 242 1155 Tel: +44 (0)114 292 6416
gemmaw@ptarmiganpr.co.uk ccockroft@tnsi.com
jamesh@ptarmiganpr.co.uk