Kiwoom, through its four divisions including retail, wholesale, investment banking and investment management, delivers a comprehensive portfolio of financial trading products to over one million corporate and individual customers.
With $2bn in assets, the online financial institution also manages an internet fund mall for retail brokerages and delivers global direct trading services through its home trading system (HTS).
The new technology will help the company to reduce storage latency and help to boost the transaction cycle between the company and the Korea Stock Exchange.
Capable of providing dealers with access to large volumes of data, the IBM FlashSystem easily integrates into customer’s storage infrastructure and enhances performance and competence over mechanical storage.
Kiwoom Securities CIO JinMan No said, "Our online business model ensures the flexibility necessary to offer the lowest commissions and highest customer service.
"IBM FlashSystem will contribute to a dramatic increase of the transaction speed which will enable us to eventually enhance our services and hold a dominant competitive position in the industry."
Suitable for supporting competitive customer service in future, the technology also assists the trading venue to operate faster and cost-effectively.
