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Applied Communications Inc. Partners with Korea Securities Computer Corporation to Deliver High-Performance Middleware Solution

Strategic Insights

— 2 min read

Applied Communications Inc. announced that it will provide its NET24 software to the Korea Securities Computer Corporation (KOSCOM), a consortium owned by Korea securities firms. The NET24 software, a high-performance message-oriented middleware solution, will be used to manage KOSCOM's applications and expand its services to 30 firms and the Korean stock exchange system. Currently, KOSCOM processes 4.8 million transactions per day, which is expected to increase to 50 million transactions per day with the implementation of NET24 middleware operating on Tandem K20000 hardware.

Key Takeaways:

  • Applied Communications Inc. will provide its NET24 software to the Korea Securities Computer Corporation (KOSCOM), a consortium owned by Korea securities firms.
  • NET24 software is a high-performance message-oriented middleware solution that supports large volume, continuously available transaction processing.
  • The NET24 solution will help KOSCOM manage its applications and expand its services to 30 firms and the Korean stock exchange system.
  • KOSCOM currently processes 4.8 million transactions per day, which is expected to increase to 50 million transactions per day with the implementation of NET24 middleware operating on Tandem K20000 hardware.
  • The NET24 middleware operating on Tandem K20000 hardware offers an online service connecting members of the Korean stock exchange system to various services, including account management, receipts and disbursement management, delivery of orders and contracts, settlement, and new services.
  • ACI's NET24 middleware product can increase productivity for customers, including brokerage firms and stock exchanges, without significant development effort.
  • Through a readily extensible messaging architecture, NET24 offers faster transaction processing and enhanced customer service.
  • During several performance tests conducted by KOSCOM, NET24's multi-threaded asynchronous message delivery was 45 percent faster than other solutions tested, according to Mark Vipond, vice president of the Network Systems Division at Applied Communications.

Statistics:

  • KOSCOM currently processes 4.8 million transactions per day.
  • The NET24 solution is expected to increase KOSCOM's transaction processing to 50 million transactions per day.
  • NET24 middleware operating on Tandem K20000 hardware offers faster transaction processing and enhanced customer service.

Sources:

  • "Applied Communications Inc. to Supply NET24 Middleware Solution to Korea Securities Computer Corporation". PRNewswire. August 14, 1995.
  • "Tandem Computer Corporation". (Note: Tandem Computer Corporation is mentioned as the hardware provider, but the article does not provide the URL. As per the instructions, I have not included a date, as it is not provided in the original text.)
  • "Transaction Systems Architects, Inc." (Note: This is a subsidiary of Applied Communications Inc. and the parent company, but the article does not provide the URL. As per the instructions, I have not included a date, as it is not provided in the original text.)

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