IHOFX | Technology

Technology

Our trading system is used by traders from all over the Asia Pacific Region and beyond. Our high-quality products, IHOFX Trader and IHOFX (OTC) provide efficient solutions to all of our clients and our partners.

In addition to the trading system, IHOFX also provides:

Post-trade downstream processes, such as real-time trade monitoring, index estimation, and real time data distribution
OTC trade reporting obligations and order or quote reporting

Key points of the IHOFX strategy
Vision
Mission
Values

The overarching aim of the strategy devised by IHOFX is to formulate and implement a comprehensive development programme, which will result in increasing its role in Korean commodity markets.

A multilateral trading facility for individual investors
A private placement platform for enterprises

Having a highly developed commodity exchange is a precondition for any competitive, innovative economy. A well-functioning commodity exchange encourages investment in futures and options.

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IHOFX - juncture of expertise, competency and responsibility for the development and implementation of services in the field of energy markets and promotion of the use of sustainable energy.

The vision for IHOFX is to become a marketplace that enables access to commodity trading of all kind, a place where global entrepreneurs can seek capital and growth opportunities, and an exchange where individual investors and companies will want to actively be involved.

IHOFX believes that Incheon, South Korea, is the ideal location for taking advantage of the rapidly developing business opportunities emanating from local and international players.

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Provides system-defined, transparent, effective and competitive commodity market with high-quality services, professionalism and neutrality.
Participates in the formation of the local and global commodities policies.
Is a socially responsible company with its focus on sustainable development.
Provides an environment for passionate, professional and responsible employees who can work and develop in this dynamic company.

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Our values are embedded in our operation and are reflected in all our relations.

Responsibility,
Trust,
Professionalism,
Knowledge,
Creativity and innovation.

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Systems

The IHOFX runs a trading infrastructure as well as downstream networks in its capacity as an IT service provider:

Index factory
Data distribution system
Market surveillance system

IT Services

IHOFX Trading System as an Official Service Provider (OSP) offers:

The physical connectivity to the trading system
The connectivity to the trading system through a FIX-based interface and a cutting-edge front-end solution
The IHOFX infrastructure's service and maintenance
The trading system reports via SFTP or HTML offered as Report Server
Enriched Reference Data can be downloaded via FTP or HTML
Service Transaction Billing
Service Transaction Reporting

Trade Reporting

In the Open Trade Reporting Service (OTR), the Over-The-Counter (OTC) Trade Reporting and the timely publication of trades is implemented.

Data Magistral (DM) Data Distribution involves:

Physical connectivity to the data distribution hub DM of the IHOFX
Market data and indices from many cooperation exchanges are also available via DM in addition to the IHOFX's market data and indices.

Technical Connection

Several options are available for the physical connection to the IHOFX trading system.

A direct or indirect technical connection depends on whether the trading participant is physically connected to the trading system, either directly or indirectly – via an Official Service Provider (OSP). The conditions for the technical connection are specified in the Core Connectivity Contract (CCC), which is the technical connectivity contract of IHOFX entered into by the trading participants, OSPs and the IHOFX as the service provider of the technical connectivity to the trading system.