Global fintech GTN has signed an agreement with Korean specialist infrastructure provider, Koscom, to develop a global order hub to enhance order-service coverage for Korean markets.
Yoon Chang-hyun, chief executive of Koscom, said: “This project will help strengthen the stability of global trading for Korean securities firms and expand their access to global markets.”
As part of the deal, GTN will act as a single counterparty to provide users with access to global markets, while the global order hub infrastructure will be delivered by Koscom.
Specifically, the new offering is tailored for Korean securities firms and will provide a one-stop route to global markets, spanning key exchanges.
“GTN/Koscom global order hub provides Korean financial institutions a one-stop shop gateway to trade over 90 exchanges and eight asset classes, added Manjula Jayasinghe, co-founder and group chief executive of GTN.
He added: “While Korean financial services institutions have ready access to US markets, the GTN/Koscom global order hub will seamlessly expand this coverage to all global markets.”
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Currently, GTN’s global footprint covers 52 countries, with connection to more than 500 financial institutions.
The partnership is also poised for future expansion, and both firms have also signed a Memorandum of Understanding (MoU) with Korean fintech, QV Labs, to add value-added services to the offering, including global investment information to support Korean investors, as well as TCA for overseas orders for Korean securities firms.