Korean Broker Shinyoung to Provide DMA to Korean Market

RTS Realtime Systems Group (RTS), a trading solutions provider, and Shinyoung Securities Company Ltd., a brokerage firm in Korea, have signed an agreement to provide direct market access (DMA) to the Korea Exchange, the third largest derivatives exchange globally by volume. Under the agreement, RTS is able to offer its clients access to the KOSPI index options, an exchange-traded derivative contract, as well as KOSPI 200 index futures and the underlying cash markets. “We have been steadily increasing our connectivity and presence in Asia as our clients’ interest in the region continues to grow. We are especially pleased to join with Shinyoung in offering our clients high-speed, low latency access to the rapidly growing Korea Exchange and its enormously popular futures and options contracts. We look forward to offering more connectivity and our RTD Tango algorithmic trading solution throughout the Asia Pacific region,“ said Henk Huitema, RTS managing director, Asia Pacific, in a press release.

Ike Lee, head of sales, Shinyoung Securities, said in the release said, “We believe that RTS is one of the most efficient and fastest channels for non-Kospi traders to get into the Korean market. We strive to provide our customers with the best solutions to help them maintain their competitive edge.“ RTS clients using the RTD Realtime Trading Desktop can price, trade and quote on over 100 exchanges worldwide. RTD Tango is an event-based automated algorithmic trading system, enabling users to code, deploy and test thousands of trading strategies simultaneously. Since its inception in 2005, RTD Tango has been widely used by the brokerage and proprietary trading community across the globe.