Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, today announced that its Pricing and Reference Data business has made its international pricing and reference data available via Koscom to Korea’s investment community. Koscom is one of Korea’s leading IT solutions companies.
Through this agreement, Interactive Data’s extensive international end-of-day pricing and corporate actions data is available to valuations firms, asset management funds and other financial institutions, including the member companies of the Korean Financial Investment Association (KOFIA).
Koscom was established in 1977 by the Korean Ministry of Finance and the Korea Exchange (KRX) to provide market participants with both information solutions and real-time market information. It has facilitated the development of the Korean securities and futures market by providing an enhanced IT infrastructure, and helps market participants such as the members of KOFIA with their data requirements.
Kevin Kwak, manager, Financial Information Division, Koscom, said: “This agreement, which gives access to Interactive Data’s wide range of international content, will allow us to further strengthen our position as one of Korea’s leading financial markets information providers.”
Jim Farrer, managing director, Interactive Data Asia Pacific, added: “Koscom has established itself as a key data provider for the Korean market and we are pleased that they have chosen Interactive Data to complement their own data content. We provide data and services to a growing number of financial institutions in Korea – we aim to offer high-quality global enterprise-wide services combined with dedicated local support and expertise.”