In a contract valued at approximately $16 million, the Korea Stock Exchange has selected Unisys Corp. to upgrade the operation capacity of its securities transactions system.
The system connects 32 securities companies and more than 300 branches around the country to the Korea Stock Exchange. It processes about one million transactions per day. The volume of transactions is expected to reach 100 million daily. Two Unisys enterprise servers will be installed by October 1995. Unisys is based in Blue Bell, Pa.