Kiwoom Securities picks IBM Flash for faster online transactions
Sep 03, 2013 (TELECOMWORLDWIRE via COMTEX) --
South Korean financial institution Kiwoom Securities Co., Ltd. has turned to IBM (NYSE: IBM) Flash technology to manage its mounting data volumes and enable faster online trading to a rapidly growing customer base, according to IBM.
Managing USD2bn in assets, Kiwoom is the largest online financial service provider in the country specializing in securities trading. Through its four divisions retail, wholesale, investment banking and investment management it offers a complete portfolio of financial trading products to more than onem corporate and individual clients. Kiwoom also operates an Internet fund mall for retail brokerages and provides overseas direct trading services through its Hero Home Trading System (HTS).
Under the agreement signed in June, IBM installed an IBM FlashSystem 710 with a capacity to handle one terabyte of data per system storage.
For more information on Kiwoom visit http://www.kiwoom.co.id/main.html.
For more information on IBM flash visit: www.ibm.com/systems/storage/flash/ and follow IBM Storage on Twitter @IBMStorage.
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