The Korea Securities Computing Corporation (Koscom; ) is a

Korean Korean may refer to: People and culture * Koreans, people from the Korean peninsula or of Korean descent * Korean culture * Korean language **Korean alphabet, known as Hangul or Korean **Korean dialects **See also: North–South differences in t ...

financial IT company that provides the

IT infrastructure Information technology infrastructure is defined broadly as a set of information technology (IT) components that are the foundation of an IT service; typically physical components (Computer hardware, computer and networking hardware and facilitie ...

to the Korean financial securities and futures markets. It also provides a

trading platform In finance, an electronic trading platform, also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products ...

market data In finance, market data is price and other related data for a financial instrument reported by a trading venue such as a stock exchange. Market data allows traders and investors to know the latest price and see historical trends for instruments ...

and other financial systems for the Korean market. It was launched by the

Ministry of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfoli ...

(MOSF) and the

Korea Exchange Korea Exchange (KRX, ) is the sole securities exchange operator in South Korea. It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul. History The Korea Exchange was created through the integration of K ...

(KRX) in 1977. 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.

History

Koscom was established in 1977 by the Ministry of Finance and the

. 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

is the largest shareholder of Koscom and a quarter of its shares split into several securities firms. Since

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korea, Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, with the Yellow Sea to the west and t ...

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 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.

Milestones

Foundation and early years

*Founded in September 1977 *Computer implementation and operation systems for Korea Exchange initiated in April 1978 *Stock Quotation Bulletin Board system initiated in July 1979 *Automated stock trading system launched in March 1988 *Foreign Investors’ Investment Limit Management System launched in July 1994 *CHECKExpert (A terminal for professional investors) Service launched in December 1995 *

ISO 9001 The ISO 9000 family is a set of international standards for quality management systems. It was developed in March 1987 by International Organization for Standardization. The goal of these standards is to help organizations ensure that they meet ...

, Tick IT acquisition in March 1998

1998–2005

*Launched Home Trading System (On-line Trading Service) for securities companies in 1998 *

Certificate authority In cryptography, a certificate authority or certification authority (CA) is an entity that stores, signs, and issues digital certificates. A digital certificate certifies the ownership of a public key by the named subject of the certificate. Thi ...

entitled in February 2000 *SignKorea (

Digital Certificate In cryptography, a public key certificate, also known as a digital certificate or identity certificate, is an electronic document used to prove the validity of a public key. The certificate includes the public key and information about it, informa ...

) Service launched in April 2000 *CMS (Consolidated Security Management) Center opened in January 2001 *

CMMI Capability Maturity Model Integration (CMMI) is a process level improvement training and appraisal program. Administered by the CMMI Institute, a subsidiary of ISACA, it was developed at Carnegie Mellon University (CMU). It is required by many U ...

Level 4 achieved (

: Capability Maturity Model Integration) in November 2005

2007 - present

*''PowerBase'' (Total solution for securities firms) launched in February 2007 *Asia

PKI PKI may refer to: * Partai Komunis Indonesia, the Communist Party of Indonesia * Peter Kiewit Institute, an Information Technology and Engineering school of the University of Nebraska system * Protein kinase inhibitor, a type of enzyme inhibitor t ...

Best Practice Award received in March 2007 *The 30th Anniversary of Establishment celebrated in September 2007 *Build Bond Trading System for Malaysia Exchange in February 2008 *Operated pork futures trading system in Jul. 2008 *Build Trading Platform for Lao Securities Exchange(LSX) in January 2011 *Build Derivatives Clearing & Settlement System for

Bursa Malaysia Bursa Malaysia (English: Malaysian Bourses or Malaysia Exchange) is the stock exchange in Malaysia. It is one of the largest bourses in ASEAN. It is based in Kuala Lumpur and was previously known as the Kuala Lumpur Stock Exchange (KLSE). It p ...

in February 2012 *Build Trading Platform for Cambodia Securities Exchange(CSX) in April 2012

Services and products

All listed companies on the Korea Exchange can be traded on Koscom systems, where they are automatically executed by the

order matching system An order matching system or simply matching system is an electronic system that matches order (exchange), buy and sell orders for a stock market, commodity market or other financial exchanges. The order matching system is the core of all electron ...

. The system also allows the processing of orders to trade matching, reporting and settlement. The ''

(KRX) Trading System'' is categorized into three sections: * KRX Futures and Options Market Trading System * KRX

KOSDAQ The Korean Securities Dealers Automated Quotations (KOSDAQ; ) is a trading board of Korea Exchange (KRX) in South Korea established in 1996. Initially set up by Korea Financial Investment Association as an independent stock market from the Korean ...

Market Trading System * KRX Stock Market Trading System (Stocks, bonds, etc.) The unlisted securities which are not listed on the

are traded on the ''Korea Securities Dealers Association (KSDA) FreeBoard''. Koscom implements and operates electronic systems for the FreeBoard and OTC Bonds trading.

References

{{Reflist Information technology companies of South Korea Companies based in Seoul Financial services companies established in 1977 South Korean companies established in 1977 South Korean brands