IBM FlashSystem helps Kiwoom Securities to speed up online transactions.

Have you ever heard about IBM FlashSysthem?, for those who unfamiliar, Connectikpeople may recall that, the IBM FlashSystem, with its MicroLatency™ technology, can improve storage read/writes, provide organizations a storage infrastructure that can operate consistently at high performance, including during peak periods.

Since Jun 2013, both companies have found an agreement allowing IBM installed an IBM FlashSystem 710 with a capacity to handle 1
terabyte of data per system storage.

The final goal is to help Kiwoom Securities Co., Ltd., South Korea’s an online financial institution, to better manage its mounting data volumes and enable faster online trading to a rapidly growing customer base.

Connectikpeople has observed that, Kiwoom needed a way to minimize storage latency in order to speed up the transaction cycle between the company and the Korea Stock Exchange. With IBM FlashSystem , that is now done.

"We have strengthened our competitive advantage by introducing a cutting-edge infrastructure to successfully pursue a non-store, online brokerage business model. 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." says JinMan No, CIO of Kiwoom Securities.

IBM Korea worked with local business partner Daou Technology to install the system.