The story
History
Koscom was established in 1977 by the Ministry of Finance and the Korea Exchange. In the 1980s, a synthesized electronic financial system for operating the entire capital market was required due to a rapid growth of the Korean stock market. In order to provide customers with a stable environment for making safe, easy and speedy stock trading with every financial services company, Koscom launched electronic financial services by building automated trading systems for securities firms, insurance companies, government agencies and banks.
The Korea Exchange is the largest shareholder of Koscom and a quarter of its shares split into several securities firms. Since South Korea has opened its financial market to foreign investors in 1992, Koscom has been developing an integrated online financial system that would be utilized by the financial community to accurately monitor and analyze the entire capital flow of the Korean financial market. In 1988, Koscom initially introduced automated trading systems for financial markets. Koscom developed a data search tool and began to install terminals, including the latest service called CHECKExpert for professional investors or brokers. The system also provides market activity news and information on securities firms or information businesses as well as real-time financial market data movement to its users. The company launched STOCK-NET(1991), CRS2000(1999), SignKorea(2000) and ISAC(2003) services.
Foundation and early years
Founded in September 1977
Computer implementation and operation systems for Korea Exchange initiated in April 1978
Stock Quotation Bulletin Board system initiated in July 1979
Automated stock trading system launched in March 1988
Foreign Investors’ Investment Limit Management System launched in July 1994
CHECKExpert (A terminal for professional investors) Service launched in December 1995
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ISO 9001, Tick IT acquisition in March 1998
1998–2005
Launched Home Trading System (On-line Trading Service) for securities companies in 1998
Certificate authority entitled in February 2000
SignKorea (Digital Certificate) Service launched in April 2000
CMS (Consolidated Security Management) Center opened in January 2001
CMMI Level 4 achieved (CMMI: Capability Maturity Model Integration) in November 2005
2007 - present
PowerBase (Total solution for securities firms) launched in February 2007
Asia PKI Best Practice Award received in March 2007
The 30th Anniversary of Establishment celebrated in September 2007
Build Bond Trading System for Malaysia Exchange in February 2008
Operated pork futures trading system in Jul. 2008
Build Trading Platform for Lao Securities Exchange(LSX) in January 2011
Build Derivatives Clearing & Settlement System for Bursa Malaysia in February 2012
Build Trading Platform for Cambodia Securities Exchange(CSX) in April 2012
From Wikipedia’s article on Koscom, shared under CC BY-SA 4.0.3