RTS Realtime Systems Group (RTS), a leading trading solutions provider, and Shinyoung Securities Company Ltd., a leading brokerage firm in Korea, announced today that they have signed an agreement to provide direct market access (DMA) to the Korea Exchange, the third largest derivatives exchange globally by volume. Under the agreement, RTS is able to offer its clients access to the KOSPI index options, the leading exchange-traded derivative contract by volume, as well as KOSPI 200 index futures and the underlying cash markets.
Henk Huitema, RTS Managing Director, Asia Pacific, said: "We have been steadily increasing our connectivity and presence in Asia as our clients' interest in the region continues to grow. We are especially pleased to join with Shinyoung in offering our clients high-speed, low latency access to the rapidly growing Korea Exchange and its enormously popular futures and options contracts. We look forward to offering more connectivity and our RTD Tango algorithmic trading solution throughout the Asia Pacific region."
Said Ike Lee, Head of Sales, Shinyoung Securities: "We believe that RTS is one of the most efficient and fastest channels for non-Kospi traders to get into the Korean market. We strive to provide our customers with the best solutions to help them maintain their competitive edge."
RTS clients using the RTD Realtime Trading Desktop can price, trade and quote on over 100 exchanges worldwide. RTD Tango is an event-based automated algorithmic trading system, enabling users to code, deploy and test thousands of trading strategies simultaneously. Since its inception in 2005, RTD Tango has been widely used by the brokerage and proprietary trading community across the globe.
Showing posts with label Korea. Show all posts
Showing posts with label Korea. Show all posts
Wednesday, 22 October 2008
Friday, 19 September 2008
HSBC Cuts Back on Foreign Expansion
HSBC the large UK bank has stopped two foreign investments. Whilst not one of the banks under attack this week, HSBC is obviously feeling the pinch.
The first is the disposal of 18.68 of Mexican microfinance company Financiera Independencia. Secondly it is not pursuing its purchase of 51% of the Korean Exchange Bank.
The first is the disposal of 18.68 of Mexican microfinance company Financiera Independencia. Secondly it is not pursuing its purchase of 51% of the Korean Exchange Bank.
Thursday, 18 September 2008
Thursday, 11 September 2008
SmartStream In Korean Implementation
SHINHAN AITAS, part of the SHINHAN Financial Group, has selected TLM® Corporate Actions from SmartStream Technologies to deliver enhanced services to its client base.
SHINHAN AITAS is the leading fund administrator in Korea and provides a full range of outsourced services to Fund Managers. It is also the internal processing arm for parent company, SHINHAN Financial Group, the largest financial group in Korea.
It provides clients with Net Asset Value (NAV) calculations and reports across their portfolios and is implementing TLM Corporate Actions to feed corporate events into these accounts. The automation of the data scrubbing and event creation process reduces the level of manual intervention required and minimises the risks associated with errors. TLM’s functionality will enable SHINHAN AITAS to manage timely responses to events and monitor their processing requirements across their customer base.
TLM Corporate Actions, recently named as the best corporate actions solution at the 2008 Inside Reference Data awards, was selected due to its flexibility and capability to generate email notifications and communications between SHINHAN AITAS and its clients. Additionally, its exception-based workflows ensure that any exceptions are routed for efficient resolution enabling SHINHAN AITAS to provide a higher level of customer service.
Mr. Sangwoon Choi, CEO at SHINHAN AITAS, commented: “As the largest fund administrator in Korea, SHINHAN AITAS is focused on providing the most flexible and innovative services to our clients. The implementation of TLM Corporate Actions supports this commitment by automating our event processing and enabling us to provide more timely and accurate Net Asset Value information to our clients across all of their portfolios.”
Commenting on the new client, Richard Cummings, Asia Pacific Regional Director, SmartStream, said: “We are very pleased that TLM Corporate Actions was selected by SHINHAN AITAS for such an important part of their business. As the investment market grows in Korea, providing timely, accurate information to an increasing number of clients is going to be very important. Customer service and the delivery of ongoing service enhancements will be an important differentiator in an increasingly competitive market. We are delighted that TLM will help SHINHAN AITAS to meet these requirements and look forward to working with them to deliver greater value to their customer base.”
SHINHAN AITAS is the leading fund administrator in Korea and provides a full range of outsourced services to Fund Managers. It is also the internal processing arm for parent company, SHINHAN Financial Group, the largest financial group in Korea.
It provides clients with Net Asset Value (NAV) calculations and reports across their portfolios and is implementing TLM Corporate Actions to feed corporate events into these accounts. The automation of the data scrubbing and event creation process reduces the level of manual intervention required and minimises the risks associated with errors. TLM’s functionality will enable SHINHAN AITAS to manage timely responses to events and monitor their processing requirements across their customer base.
TLM Corporate Actions, recently named as the best corporate actions solution at the 2008 Inside Reference Data awards, was selected due to its flexibility and capability to generate email notifications and communications between SHINHAN AITAS and its clients. Additionally, its exception-based workflows ensure that any exceptions are routed for efficient resolution enabling SHINHAN AITAS to provide a higher level of customer service.
Mr. Sangwoon Choi, CEO at SHINHAN AITAS, commented: “As the largest fund administrator in Korea, SHINHAN AITAS is focused on providing the most flexible and innovative services to our clients. The implementation of TLM Corporate Actions supports this commitment by automating our event processing and enabling us to provide more timely and accurate Net Asset Value information to our clients across all of their portfolios.”
Commenting on the new client, Richard Cummings, Asia Pacific Regional Director, SmartStream, said: “We are very pleased that TLM Corporate Actions was selected by SHINHAN AITAS for such an important part of their business. As the investment market grows in Korea, providing timely, accurate information to an increasing number of clients is going to be very important. Customer service and the delivery of ongoing service enhancements will be an important differentiator in an increasingly competitive market. We are delighted that TLM will help SHINHAN AITAS to meet these requirements and look forward to working with them to deliver greater value to their customer base.”
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