Interactive Data’s Pricing and Reference Data business has signed an agreement with Koscom, under which the Korean IT solution provider will provide the data vendor’s international pricing and reference data to the Korean investment community. The data covered by the agreement includes international end of day pricing and corporate actions data.
Koscom was established in 1977 by the Korean Ministry of Finance and the Korea Exchange (KRX) to provide market participants with information solutions and real-time market information. Interactive Data chose to partner with the IT provider because of its client reach in the country, which includes the members of the Korean Financial Investment Association (KOFIA.
Kevin Kwak, manager of the Financial Information Division at Koscom, hopes the agreement will allow Koscom to strengthen its position as a financial markets information provider.
Jim Farrer, managing director of Interactive Data Asia Pacific, explains that the vendor has seen a significant amount of interest thus far from the Korean market for data. To this end, the two vendors are jointly organising a customer event in Korea next week, on 16 March 2009.