Koscom
From Wikipedia, the free encyclopedia
 | |
| Company type | Public |
|---|---|
| Industry | Financial IT Service |
| Founded | 1977 as Korea Securities Computing Corporation |
| Headquarters | Seoul, South Korea |
Key people | Woo, Joo Ha, CEO and Chairman |
| Revenue | ₩203,862,168,098[1] KRW $209 million USD (2007) |
Number of employees | 507 full-time[2] (2007) |
| Website | www.koscom.co.kr |
The Korea Securities Computing Corporation (Koscom; Korean: 코스콤) is a Korean financial IT company that provides the IT infrastructure to the Korean financial securities and futures markets. It also provides a trading platform, market data and other financial systems for the Korean market.
It was launched by the Ministry of Finance (MOSF) and the Korea Exchange (KRX) in 1977.[3]
It has five corporate divisions with providing IT infrastructure to the Korean financial securities and futures market. Koscom also offers online stock trading systems that enable users to access to financial database and place trades by Home Trading System or using a customized terminal for professional traders in securities as well as other electronic financial services.
Major Korean financial firms typically have subscription to the Koscom's online trading services, including market news, price quotes and financial market data.
Koscom was established in 1977 by the Ministry of Finance and the Korea Exchange. In the 1980s, a synthesized electronic financial system for operating the entire capital market was required due to a rapid growth of the Korean stock market. In order to provide customers with a stable environment for making safe, easy and speedy stock trading with every financial services company, Koscom launched electronic financial services by building automated trading systems for securities firms, insurance companies, government agencies and banks.
The Korea Exchange is the largest shareholder of Koscom and a quarter of its shares split into several securities firms. Since South Korea has opened its financial market to foreign investors in 1992, Koscom has been developing an integrated online financial system that would be utilized by the financial community to accurately monitor and analyze the entire capital flow of the Korean financial market. In 1988, Koscom initially introduced automated trading systems for financial markets. Koscom developed a data search tool and began to install terminals, including the latest service called CHECKExpert[4] for professional investors or brokers. The system also provides market activity news and information on securities firms or information businesses as well as real-time financial market data movement to its users. The company launched STOCK-NET(1991), CRS2000(1999), SignKorea(2000) and ISAC(2003) services.