GTN, the global fintech powering limitless investment, announced it has signed an agreement with Koscom, a specialist provider of IT infrastructure to Korea's capital markets, to build a 'Global Order Hub'. The next-generation order-routing infrastructure provides Korean securities firms with a one-stop gateway to global markets. Under the agreement, signed on 15 June in Seoul, GTN will provide access to global markets, as a single counterparty, while Koscom will provide Global Order Hub infrastructure.

Koscom, which is majority-owned by the Korea Exchange (KRX), along with the Korea Securities Depository (KSD), and a number of securities firms in Korea, has chosen GTN as its provider of choice to connect Korean financial services institutions to global markets, given GTN's global footprint, multi-asset global market coverage and institutional reputation, trusted by over 500 financial institutions across 52 countries. 

'This project will help strengthen the stability of global trading for Korean securities firms and expand their access to global markets,said Yoon Chang-hyun, Chief Executive Officer of Koscom. 'We will continue to support efforts to strengthen the global competitiveness of Korea's financial investment industry.'

'GTN/Koscom Global Order Hub provides Korean financial institutions a one-stop shop gateway to trade over 90 exchanges and 8 asset classes. While Korean financial services institutions have ready access to US markets, the GTN/Koscom Global Order Hub will seamlessly expand this coverage to all global markets.' said Manjula Jayasinghe, co-founder and Group Chief Executive Officer of GTN. 'Building on the expertise of both companies, we will drive the successful establishment of the Global Order Hub.

Ahead of the contract, Koscom and GTN signed a memorandum of understanding (MOU) with Korean fintech QV Labs Inc. to extend the partnership into value-added services, including global investment information for Korean investors and transaction cost analysis (TCA) of overseas orders for Korean securities firms.