Koscom (acronym of ''Korea Securities Computing Corporation''

Korean Korean may refer to: People and culture * Koreans, ethnic group originating in the Korean Peninsula * Korean cuisine * Korean culture * Korean language **Korean alphabet, known as Hangul or Chosŏn'gŭl **Korean dialects and the Jeju language ** ...

: 코스콤, ''Koscom'') is a

financial IT company launched by the

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Eco ...

(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 Ko ...

(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 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 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, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...

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

*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 five quality management systems (QMS) standards that help organizations ensure they meet customer and other stakeholder needs within statutory and regulatory requirements related to a product or service. ISO 90 ...

, Tick IT acquisition in March 1998 *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. This ...

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 Key authentication, public key. The certificate includes information about the key, i ...

) 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 *''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 The Peter Kiewit Institute is a facility in Omaha, Nebraska, United States which houses academic programs from the University of Nebraska� ...

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 is the stock exchange of 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 provides a full integration of transactions, offeri ...

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

Services and products

All trading processes involved with the listed companies on the Korea Exchange are automatically executed by online ranging from placing orders to trade matching, reporting and settlement.

(KRX) Trading System is categorized into three sections as below; * KRX Futures and Options Market Trading System * KRX

KOSDAQ KOSDAQ (acronym of Korean Securities Dealers Automated Quotations, Korean: 코스닥) 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 stoc ...

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