26 February 2007

BT announced today that Goodmorning Shinhan (GMSH), one of Korea’s leading securities brokerages and investment banking houses, has signed an agreement with BT South Korea to distribute their FIX (Financial Information eXchange) trading services globally. GMSH will utilize the BT Radianz shared market infrastructure to connect to its buy-side clients and trading partners in Asia, United States and Europe.

By working with BT, GMSH is now able to provide clients with connectivity to the Korean equity and derivatives markets as international buy-side institutions that want to trade in this market must connect to a local broker who is a member of KRX. Clients of the BT Radianz shared market infrastructure who are trading the KOSPI (Korea Composite Stock Price Index) and in the Korean securities and derivatives markets will be able to connect directly to GMSH in a simple, cost effective manner. GMSH will also benefit from access to the thousands of global buy-side financial institutions connected to the BT Radianz shared market infrastructure.

Richard Man, Vice President, Asia-Pacific Sales, BT Radianz, said: “The Korean derivatives market is the largest in the world by volume, so offering access to one of the leading brokers in Korea is a significant benefit to the financial community. The BT Radianz shared market infrastructure is known for simplicity and speed of deployment, thereby greatly reducing the problems associated with international connectivity. We are enabling GMSH to execute a clear strategy for advanced trading in Korea, whilst enhancing overall access to the region.”

Michael Kim, Head of Sales, DMA Equities & Derivatives, Good Morning Shinhan, said: “We choose BT because the solution offers our clients flexibility, high performance and, more importantly, scalability to accommodate the growth of direct market access in Korea. This move gives us a broader on-demand access and a more creative approach to leading global financial sites and gives our FIX/API gateway trading service unparalleled visibility into the international trading network. We see our relationship with BT as a significant stepping stone in the expansion of our services globally.”

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