South Korean securities trading firm, Kiwoom Securities, will deploy IBM FlashSystem as the company upgrades its storage infrastructure to better manage mounting data volumes and enable faster online trading to a rapidly growing customer base.
Kiwoom cited storage latency issues as a key factor in its choice of using Flash technology. It also wanted a storage solution that could scale quickly to ensure dealers have fast, always-on access to large volumes of data.
"Our online business model ensures the flexibility necessary to offer the lowest commissions and highest customer service," says JinMan No, CIO of Kiwoom Securities. "We have strengthened our competitive advantage by introducing a cutting-edge infrastructure to successfully pursue a non-store, online brokerage business model." The IBM FlashSystem is an all-Flash storage system.
Under the agreement signed in June, IBM installed an IBM FlashSystem 710 with a capacity to handle 1 terabyte of data per system storage. IBM Korea worked with local business partner Daou Technology to install the system.
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