GTN and Koscom Team Up to Revolutionize Global Trading for Korean Securities Firms
In an ambitious move to transform how Korean securities firms interact with global markets, GTN, a leading global fintech company specializing in investment technologies, has announced a strategic partnership with Koscom, a revered provider of IT infrastructure for Korea's financial markets. This partnership, formalized with an agreement signed on June 15 in Seoul, aims to establish a cutting-edge Global Order Hub that will act as a comprehensive access point for international trading.
The Global Order Hub will significantly enhance the infrastructure for overseas order services tailored to Korean securities firms, allowing them to efficiently tap into more than 90 global exchanges. This initiative is not only a technological upgrade but also a strategic step towards fortifying the global trading capabilities of these firms. According to Yoon Chang-hyun, CEO of Koscom, this project is expected to bolster the stability of global trading activities and widen access to international markets for Korean investors.
Under the terms of this collaboration, GTN will serve as a single counterparty, providing vital connections to global financial markets. This means that Korean financial institutions will have the advantage of trading across diverse asset classes in a streamlined manner. Koscom, predominantly owned by the Korea Exchange and coupled with other significant entities within the Korean financial ecosystem, has recognized GTN's extensive global reach and standing among over 500 financial institutions spanning 52 countries, making it the ideal partner for this endeavor.
Manjula Jayasinghe, co-founder and CEO of GTN, expressed confidence in the project, highlighting the unique opportunity it presents to Korean financial institutions to expand their trading capabilities far beyond the existing access to U.S. markets. He emphasized the Global Order Hub as a one-stop gateway that will enable trading across eight asset classes and over 90 exchanges globally, thus enhancing the competiveness of Korea's financial sector on an international scale.
The collaboration doesn't stop with just establishing the Global Order Hub. GTN and Koscom have also entered into a memorandum of understanding with Korean fintech QV Labs Inc. This agreement is focused on enriching the partnership by developing additional services aimed at providing global investment insights for Korean investors and transaction cost analysis for overseas orders. Such initiatives signal a commitment to not only facilitating trading but also enhancing the strategic investment capabilities of local firms.
This venture aligns with GTN's broader goals to expand its footprint in the Asia-Pacific region. Earlier this year, the firm secured a Type 1 license from Hong Kong's Securities and Futures Commission, signifying its commitment to complying with rigorous regulatory standards while bolstering its operations across Greater China alongside Singapore.
GTN operates with a mission to redefine investment accessibility through technology. By leveraging a unified API-first architecture, GTN enables brokers, banks, asset managers, and fintech companies to connect effortlessly with a wide range of markets and asset types. This streamlined access reduces technical and regulatory burdens for its partners, allowing for innovative investment and trading experiences to flourish.
As the financial landscape continues to evolve, the collaboration between GTN and Koscom could prove pivotal for Korean securities firms seeking to thrive amidst growing global competition. With robust support from each organization's expertise, this partnership promises to drive significant advancements in the accessibility and efficiency of investment opportunities for Korean investors.
The Global Order Hub will significantly enhance the infrastructure for overseas order services tailored to Korean securities firms, allowing them to efficiently tap into more than 90 global exchanges. This initiative is not only a technological upgrade but also a strategic step towards fortifying the global trading capabilities of these firms. According to Yoon Chang-hyun, CEO of Koscom, this project is expected to bolster the stability of global trading activities and widen access to international markets for Korean investors.
Under the terms of this collaboration, GTN will serve as a single counterparty, providing vital connections to global financial markets. This means that Korean financial institutions will have the advantage of trading across diverse asset classes in a streamlined manner. Koscom, predominantly owned by the Korea Exchange and coupled with other significant entities within the Korean financial ecosystem, has recognized GTN's extensive global reach and standing among over 500 financial institutions spanning 52 countries, making it the ideal partner for this endeavor.
Manjula Jayasinghe, co-founder and CEO of GTN, expressed confidence in the project, highlighting the unique opportunity it presents to Korean financial institutions to expand their trading capabilities far beyond the existing access to U.S. markets. He emphasized the Global Order Hub as a one-stop gateway that will enable trading across eight asset classes and over 90 exchanges globally, thus enhancing the competiveness of Korea's financial sector on an international scale.
The collaboration doesn't stop with just establishing the Global Order Hub. GTN and Koscom have also entered into a memorandum of understanding with Korean fintech QV Labs Inc. This agreement is focused on enriching the partnership by developing additional services aimed at providing global investment insights for Korean investors and transaction cost analysis for overseas orders. Such initiatives signal a commitment to not only facilitating trading but also enhancing the strategic investment capabilities of local firms.
This venture aligns with GTN's broader goals to expand its footprint in the Asia-Pacific region. Earlier this year, the firm secured a Type 1 license from Hong Kong's Securities and Futures Commission, signifying its commitment to complying with rigorous regulatory standards while bolstering its operations across Greater China alongside Singapore.
GTN operates with a mission to redefine investment accessibility through technology. By leveraging a unified API-first architecture, GTN enables brokers, banks, asset managers, and fintech companies to connect effortlessly with a wide range of markets and asset types. This streamlined access reduces technical and regulatory burdens for its partners, allowing for innovative investment and trading experiences to flourish.
As the financial landscape continues to evolve, the collaboration between GTN and Koscom could prove pivotal for Korean securities firms seeking to thrive amidst growing global competition. With robust support from each organization's expertise, this partnership promises to drive significant advancements in the accessibility and efficiency of investment opportunities for Korean investors.
Topics Financial Services & Investing）
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