IPC Expands Korean Connectivity

Connexus, the firms say, will provide Koscom's international clients faster connection to the peninsula's brokers and market data, as well as give Korean participants broader access to global capital markets firms operating on the extranet.

The deal will also take advantage IPC's newly laid cable path from Tokyo, which allows electronic trading clients to route via the KRX's Busan derivatives engine without going through Seoul, providing lower latency.

"Given the rapid growth in the Korean market and its distinct challenges, Connexus and Direct Connect enable Koscom to provide financial extranet and direct connectivity services with global reach and superior customer service along with fast and efficient access," says David Dodd, senior vice president and managing director in the Asia Pacific for IPC.

The move comes after an initial IPC implementation in Seoul last year, according to SST sibling publication Inside Market Data.