Successful Start for Seoul Options and Futures Exchange, SOFX New Trading Platform
Submitted by: I-Newswire
2012-01-09 12:55:10
Seoul (OPENPRESS) January 8, 2012 - SOFX this week successfully introduced its new products onto its new trading platform, representing the first milestone of importance in the platform's release. Recently, thousands of products were migrated from the SOFX's platform to the new trading platform, involving approximately a majority of SOFX customers.
Having started with the organization's new indexes markets a few years back, the new trading platform will be rolled out to all of SOFX markets as soon as possible. When the rollout is completed, clients will require only one connection through the SOFX network to access all its cash and derivatives markets in the country and its new initiatives.
SOFX's new trading platform is solely based on its existing systems and incorporates new mode of technology, giving outstanding value to clients and setting new benchmarks in terms of scalability, capacity, ultra-low latency, new functionalities and resiliency. Clients will now see idle time reduced on the new trading platform, with capacity trebling, which also sees an increase of about 65%.
Speaking on behalf of the introduction of the new service, Mr. Rho Moo-Young, Executive Manager and Head of the Trading Platform Program said, "In an emerging and competitive environment, particularly in this country and in East Asia the new trading platform places us ahead of our competitors and not only meets the needs of our clients today but will also meet their future requirements for greater speed and capacity as well as sophisticated functionality. The important step is to facilitate the movement of cash equities and traded funds onto the new trading platform, planned for this year."
Jang Eunseong, President of SOFX said: "At the time of the SOFX inception we were adamant to introduce one universal trading platform for all our markets, to lower costs and create information technology synergies. Since the launch, our IT teams have been working on a very ambitious schedule on the creation of a new cutting edge platform, which represents a step change in the trading capacity and efficiency of our market. The first successful rollout of that platform is a significant achievement in a very short time frame."
