Institutions on the Tradeweb Routing Network for equity electronic trading now have access to more than 40 local Korean sell-side destinations
Jersey City, New Jersey (ANTARA News/PRNewswire-AsiaNet) - Tradeweb, a leading over-the-counter, multiasset class, online marketplace, owned by Thomson Reuters and ten leading global dealers, today announced that Koscom is a new concentrator on the Tradeweb Routing Network, enabling its equity trading clients in Korea direct access to the liquidity of 42 local sell-side destinations.
As a concentrator on the Tradeweb Routing Network, Koscom is able to provide connectivity between equity traders sourcing liquidity over the Tradeweb Routing Network and local Korean brokers looking to attract regional and international order flow.
"This new connection to Koscom and their 42 brokers helps our clients to trade faster and more efficiently while improving straight-through-processing into the Korean market," said Roger McAvoy, Regional Director, Equities at Tradeweb. "In the last few years, we have built a strong network of brokers in Asia which gives our institutional buy-side clients a single gateway to access their equity trading partners in the region and internationally. The increased value of our network allows us to continue to provide our clients around the world with the broadest, deepest pool of liquidity."
"We have been pleased to be able to extend access to Koscom to Tradeweb's broad universe of buy-side institutions," said Sang ho, Han, Managing Director at Koscom. "Given their global reach and established value in the market, connecting to the Tradeweb Routing Network was a clear choice."
The Tradeweb Routing Network for equity electronic trading is the among the largest FIX networks in the world, connecting traders across continents and time zones to any trading partner and venue.
The order routing service is both market- and broker-neutral, transferring industry-standard order and execution FIX messages between institutional and broker trading partners. With over 7,000 connections and broker destinations in more than 50 markets across Asia, Europe, North and Latin America, Tradeweb's equities network continues to expand its footprint by leading the growth of electronic trading, in established and emerging markets.
About Tradeweb
Tradeweb is a leading over-the-counter, multi-asset class online marketplace, and a pioneer in the development of electronic trading and trade processing. The company provides services in the fixed income, derivative, and equity markets to clients in more than 50 countries.
Since 1998, Tradeweb has operated a global trading network, which harnesses the distribution of the major investment banks with over 2,000 institutional clients. With its expansion into the equity markets, Tradeweb is leveraging AutEx, the industry leader for 40 years in providing indications of interests, and Tradeweb Routing Network, a global FIX network with more than 7,000 connections to over 750 firms. Tradeweb is owned by The Thomson Reuters and ten leading global dealers.
About Koscom
In 1977, Koscom was established by the Ministry of Finance and the Korea Stock Exchange to computerize the securities markets and related industries systems. Since its foundation, Koscom, as a professional Financial IT solution firm, has led the development of the Korea securities and futures market in providing IT infrastructure.
With Koscom's effort to promote the efficiency and development of individual IT systems, the company played a significant role in strengthening the 'value chain' of the securities and futures markets -- building the organic system linkage between the securities and futures markets, and related industries. With such effort, Koscom has dedicated itself to intensifying the international competitiveness and growth of these markets.
With advanced IT infrastructures and accumulated experience, Koscom takes its role seriously as the unique IT solution provider by continuing to offer cutting-edge technology. Koscom is proud to be the guiding model of a professional IT infrastructure provider in domestic and international market.
http://english.koscom.co.kr
SOURCE: Tradeweb
CONTACT: Simon Hylson-Smith, Tradeweb, +1-201-915-3142,
or Cara Kiewel, Tradeweb, +44-20-7776-0943;
Jessica Simon, Thomson Financial, +1-646-822-6297/
WEB SITE: http://english.koscom.co.kr
Jersey City, New Jersey (ANTARA News/PRNewswire-AsiaNet) - Tradeweb, a leading over-the-counter, multiasset class, online marketplace, owned by Thomson Reuters and ten leading global dealers, today announced that Koscom is a new concentrator on the Tradeweb Routing Network, enabling its equity trading clients in Korea direct access to the liquidity of 42 local sell-side destinations.
As a concentrator on the Tradeweb Routing Network, Koscom is able to provide connectivity between equity traders sourcing liquidity over the Tradeweb Routing Network and local Korean brokers looking to attract regional and international order flow.
"This new connection to Koscom and their 42 brokers helps our clients to trade faster and more efficiently while improving straight-through-processing into the Korean market," said Roger McAvoy, Regional Director, Equities at Tradeweb. "In the last few years, we have built a strong network of brokers in Asia which gives our institutional buy-side clients a single gateway to access their equity trading partners in the region and internationally. The increased value of our network allows us to continue to provide our clients around the world with the broadest, deepest pool of liquidity."
"We have been pleased to be able to extend access to Koscom to Tradeweb's broad universe of buy-side institutions," said Sang ho, Han, Managing Director at Koscom. "Given their global reach and established value in the market, connecting to the Tradeweb Routing Network was a clear choice."
The Tradeweb Routing Network for equity electronic trading is the among the largest FIX networks in the world, connecting traders across continents and time zones to any trading partner and venue.
The order routing service is both market- and broker-neutral, transferring industry-standard order and execution FIX messages between institutional and broker trading partners. With over 7,000 connections and broker destinations in more than 50 markets across Asia, Europe, North and Latin America, Tradeweb's equities network continues to expand its footprint by leading the growth of electronic trading, in established and emerging markets.
About Tradeweb
Tradeweb is a leading over-the-counter, multi-asset class online marketplace, and a pioneer in the development of electronic trading and trade processing. The company provides services in the fixed income, derivative, and equity markets to clients in more than 50 countries.
Since 1998, Tradeweb has operated a global trading network, which harnesses the distribution of the major investment banks with over 2,000 institutional clients. With its expansion into the equity markets, Tradeweb is leveraging AutEx, the industry leader for 40 years in providing indications of interests, and Tradeweb Routing Network, a global FIX network with more than 7,000 connections to over 750 firms. Tradeweb is owned by The Thomson Reuters and ten leading global dealers.
About Koscom
In 1977, Koscom was established by the Ministry of Finance and the Korea Stock Exchange to computerize the securities markets and related industries systems. Since its foundation, Koscom, as a professional Financial IT solution firm, has led the development of the Korea securities and futures market in providing IT infrastructure.
With Koscom's effort to promote the efficiency and development of individual IT systems, the company played a significant role in strengthening the 'value chain' of the securities and futures markets -- building the organic system linkage between the securities and futures markets, and related industries. With such effort, Koscom has dedicated itself to intensifying the international competitiveness and growth of these markets.
With advanced IT infrastructures and accumulated experience, Koscom takes its role seriously as the unique IT solution provider by continuing to offer cutting-edge technology. Koscom is proud to be the guiding model of a professional IT infrastructure provider in domestic and international market.
http://english.koscom.co.kr
SOURCE: Tradeweb
CONTACT: Simon Hylson-Smith, Tradeweb, +1-201-915-3142,
or Cara Kiewel, Tradeweb, +44-20-7776-0943;
Jessica Simon, Thomson Financial, +1-646-822-6297/
WEB SITE: http://english.koscom.co.kr
No comments:
Post a Comment