User:Michellejlee
From Wikipedia, the free encyclopedia
| Welcome to the Wikipedia Sandbox! This page allows you to carry out experiments. To edit, click here or edit this page above (or the views section for obscure browsers), make your changes and click the Save page button when finished. Content will not stay permanently; this page is automatically cleaned every 12 hours, although it tends to be overwritten by other testing users much faster than that.
Please do not place copyrighted, offensive, or libelous content in the sandbox(es). If you have any questions regarding Wikipedia, please see Wikipedia:Questions. Thanks!
You may also use the templates X1, X2, X3, X4, X5, X6, X7, X8, and X9 for experimental purposes. Try other sandboxes: Main Sandbox | Tutorial Sandbox 1 | Tutorial Sandbox 2 | Tutorial Sandbox 3 | Tutorial Sandbox 4 | Tutorial Sandbox 5 |
|
| Koscom | |
|---|---|
| Image:Koscom.gif | |
| Type | Public |
| Founded | 1977 as Korea Securities Computing Corporation |
| Headquarters | Seoul, South Korea |
| Key people | Lee, Jong Kyu, CEO and Chairman |
| Industry | Financial IT Service |
| Revenue | ₩203,862,168,098 KRW $209 million USD (2007) |
| Employees | 507 full-time (2007) |
| Website | www.koscom.co.kr |
Koscom (acronym of Korea Securities Computing Corporation) is a Korean financial IT services company launched by the Ministry of Finance (MOSF) and Korea Exchange (KRX) in 1977. It has five corporate divisions, which implements and operates complex and advanced IT infrastructure for the Korean financial securities markets. Koscom also provides online stock trading systems which enable users to access to financial database and place trades by HTS (Home Trading System), a terminal for financial professionals and other electronic services. Most of Korean financial firms have subscription to the Koscom services such as, online services, market news, price quotes and financial market data.
Contents |
[edit] History
Koscom was established by the Ministry of Finance and Korea Exchange in 1977. At that time, a synthesized electronic financial system for operating the entire Korean capital market was required due to a rapid growth in securities market in 1970s. In order to provide customers with a stable environment for making safe, easy and speedy trading with every financial services company, Koscom initiated its diverse and advanced services by building automated trading systems for securities firms, insurance companies, government agencies and banks. Korea Exchange is the largest shareholder of Koscom and a quarter of its shares split into several securities companies. Since Korea has opened its financial market to foreign investors in 1992, Koscom has continuously developed an integrated online financial system that would be utilized by the financial community to monitor and analyze the entire capital flow of Korean financial market. In 1988, Koscom initially introduced automated trading system. Furthermore, Koscom developed a data search terminal in 1980s and started providing terminals including the latest system called CHECKExpert to professional investors or dealers. This system also provides news, information on securities firms or information business and real-time financial market data movement to its users. Koscom has been well-managing the public IT infrastructure for financial industry and other related systems. The company has also launched and operated STOCK-NET(1991), CRS2000(1999), SignKorea(2000) and ISAC(2003) services.
[edit] Company Perspectives
Koscom’s mission is to be at the top of the financial IT industry, be the best partner for customers and to pursue innovative thinking.
[edit] Milestones
- Founded by the Ministry of Finance and Korea Exchange September 1977
- Computer implementation and operation systems of Korea Exchange operation April 1978
- Stock Quotation Bulletin Board system initiated July 1979
- Automated stock trading system launched March 1988
- Foreign Investors’ Investment Limit Management System launched July 1994
- CHECKExpert (A terminal for professional investors) Service launched December 1995
- ISO 9001 , Tick IT acquisition March 1998
- Launched Home Trading System (On-line Trading Service) for securities companies 1998
- Certificate Authority entitled February 2000
- SignKorea (Digital Certificate) Service launched April 2000
- CMS Center (Consolidated Security Management) opened January 2001
- CMMI level 4 achieved (CMMI: Capability Maturity Model Integration) November 2005
- ‘PowerBase’ (Total solution for securities firms) launched February 2007
- Asia PKI Best Practice Award March 2007
- The 30th Anniversary of Establishment September 2007
- Build Bond Trading System for Malaysia Exchange February 2008
[edit] Services & Products
- Korea Exchange (KRX) Trading System
All trading process involved with the listed companies on the Korea Exchange is executed automatically by online, from placing orders to trade matching, reporting and clearing. These systems can be divided into three categories as below;
▪ KRX Stock Market Trading System (Stocks, bonds, etc.)
▪ KRX Futures and Options Market Trading System
▪ KRX KOSDAQ Market Trading System
- Korea Securities Dealers Association (KSDA) OTC Market (FreeBoard) System
The unlisted securities which are not listed on the KRX or KOSDAQ are traded on the KSDA FreeBoard. Koscom implements and operates electronic systems for FreeBoard and OTC Bonds Trading.
- Financial Supervisory Service - Foreign Investment Management System (FIMS)
It deals with ongoing trading issues of foreign investors. This system monitors trading process of foreign investors and tracks down any violation that are occurred during the transactions.
- Total Securities and Futures Enterprise System (PowerBase)
This system offers a complete IT solution that includes the basic operations of securities and futures firms as well as derivatives, asset management, bonds dealing, investment information and global trading. It offers customized service tailored to each customer's profile.
- Home Trading System (PowerBase HTS)
It allows customers to enjoy securities or futures trading directly at home by using internet, mobile phone, PDA, or telephone without visiting the financial firms.
- Millennium Trading System (MTS)
This system is provided to professional traders to execute trading strategy with speed and offers diverse functions.
- Dealing System (KOSMOS)
This system, as an optional module of the <PowerBase>, provides overseas DMA (Direct Market Access) trading, FIX trading, global settlement and clearing functionalities and supports STP connections to international systems. It is widely used among international securities firms with branch offices in Korea.
- Retirement Pension Record Keeping System (PENSTAR)
According to the ‘Employee Retirement Allowances Security Act’ this system provides customized record management for financial institutions which deals with retirement pension.
- Straight Through Processing HUB (STP-HUB)
This hub system connects the order-routing systems of local and international buy-sides with those of the sell-sides, providing full automation from order to settlement.
- Framework (PowerFrame) Client Platform (PowerScreen)
PowerFrame helps customers to easily utilize the system that has standardized all the common unit operations required in any securities firm. PowerScreen helps the screen generation program used in securities or futures firms to implement their user-interface with ease and speed. Firms with their own computer department can save up to 30% of developing costs simply by using PowerFrame and PowerScreen.
- Real-time Market Data Service (KoscomData)
Substantial amount of market data produced from the stock and derivatives market is collected and processed in large capacity computer systems and subsequently provided to information users. It delivers stock prices and also calculates indices such as KOSPI and KOSPI200. Recently, Koscom has built the environment needed to deliver Korean financial information to foreign countries and receive other countries financial market information by cooperating with and connecting to BT Radianz (global network service provider).
- Financial Information Terminal Service (CHECKExpert)
Koscom started to provide investment analysis terminals since 1980 and currently approximately 3,000 professional investors are using this service. With CHECK Expert, investors can have an access to real-time local and international financial information, news and corporate data. By connecting to our financial database, it is capable of providing time series materials. Users can also utilize their customized data directly from the screen.
- Historical Data Web Service (Koscom DATAMall)
This web service allows institutional and private investors to access the Financial Database, where immense amount of stocks, bonds, foreign exchange, economic, financial and international market information can be downloaded at users request in different formats.
- Broadband Telecommunication Network (Koscom STOCK-NET)
STOCK-NET is a financial exclusive network that provides rental service, securities network services, backup network services, internet services, global financial network services, maintenance & repair services and others.
- Disaster Recovery and Backup Service (Koscom BCP+)
BCP+ (Business Continuity Planning Plus) helps in protecting the system and personal data from natural disasters, contingency situations and other incidents. The service includes remote backup system development and operation, backup data vault storage, backup consulting and others.
- Digital Certificate Service (SignKorea)
SignKorea provides digital signature services on e-businesses, prevents fraud and forgery on personal and transaction data and enables safe online transactions. Under the 'Electronic Signature Act' of 1999, Koscom was entitled as one of the Certificate Authorities (CA) in Korea responsible to provide a safe digital certificate service 24/7 for the financial community and individuals.
- Information Protection Service (Koscom FSISAC)
FSISAC (Financial Service Information Sharing & Analysis Center) is an information protection service devising countermeasures against cyber terrorism and hacking threats. Koscom offers; IT security information services, IT security control services, system vulnerabilities analysis and evaluation service, IT security solutions, hacking test and data security training classes.
- Portable handheld application (YouSB)
