Korean financial technology provider KOSCOM and BT have announced plans to build a liquidity hub in Hong Kong.
It will allow investors in the city to trade on Korean financial markets, giving local and international broker/dealers a secure way to trade on the Korean Exchange (KRX) without installing dedicated connections.
The liquidity hub will be offered by BT and KOSCOM to BT Radianz Cloud community members – which number 3,000 member locations in Asia Pacific and nearly 500 in Hong Kong.
The service will be delivered via a data centre in Hong Kong that is directly connected to KRX in Korea through the Radianz Cloud, which allows participants to exchange market information, trade with each other and clear/settle transactions.