The Island ECN, Inc., today announced it will form a joint venture with Uclick, Co., Ltd., a South Korea-based financial Internet portal and technology company, to create the first ECN in the Korean securities market. Island's joint venture with Uclick represents an enormous opportunity to tap into the burgeoning South Korean financial markets, where more than 50 percent of transactions are conducted online. We now have the chance to offer Island's superior technology to the Asian financial markets.
Island is an automated trading system for equity securities.
It gives brokers the power to electronically display customer orders. Uclick is a South Korean technology company that operates a financial Internet portal and licenses sophisticated on-line trading systems for stocks, futures and options.