28 July 2014

SolidFX chooses TNS for connectivity

18 September 2012  |  780 views  |  0 Source: Transaction Network Services

SolidFX, the Dutch-based foreign exchange (FX) ECN, is now using Transaction Network Services (NYSE:TNS) as its primary connectivity provider to access European and US FX markets.

Solid Trading specializes in automated FX trading through its currency trading platform, SolidFX. The relationship with TNS allows Solid Trading to expand its global reach through TNS' secure trading network, a fully managed and resilient connectivity solution. The TNS network supports Solid Trading to help address the complex trade-order management requirements of high-volume, high-frequency activities of FX trading. TNS connects to some of the most prominent trading hubs in major global financial centres. The partnership will help open the market for Solid Trading's FX market participants to connect to service providers that cover the full FX trade cycle.

José Baptista, Director at Solid Trading BV said: "We're very excited to be working with TNS' global financial portfolio as it enables us to leverage new opportunities for our customers. With FX trading firms looking to connect to a variety of FX liquidity venues and market data providers, we're thrilled to establish a partnership with a key player like TNS to provide our customers access to the widely fragmented, global FX market.

"TNS' existing infrastructure was seamlessly integrated into our platform and through one connection to its secure trading network, links our customers to an extensive network that could present vital potential competitive advantages."

Martin Tunstall, Rabobank's Global Head of eMarkets and a customer of both TNS and Solid Trading said: "The fact that a market platform such as SolidFX has joined the TNS 'on-net' community is further vindication of the long standing relationship Rabobank has with TNS. Rabobank benefits from the high quality of service offered by TNS as a global provider in the data communications space."

John Owens, Vice President of Exchanges and ECNs, said: "Strategic partnerships with next generation ECNs, like Solid FX, provide us great opportunities to work with different types of trading platforms. Customers of Solid Tradiding will be able to connect to new trading venues through TNS in as little as 3 days allowing them to maximize trading opportunities and convert to production very quickly to begin critical trading. TNS will continue to expand its global financial community through the addition of next generation market participants."

TNS' secure trading network represents buy-side and sell-side institutions, market data and software vendors, exchanges and alternative trading venues, via more than 125 points of presence. TNS' financial services division enables end-users to connect in over 45 countries. 

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