TNS reports Amex contract

Source: TNS

The American Stock Exchange (Amex) and Transaction Network Services, Inc. (TNS), a leading provider of data communications services for transaction-oriented applications, today announced that the Amex has selected TNS to provide customers connectivity for market data distribution and to submit order flow to the Amex.

The TNS data communication service was rolled out with the launch of the Amex's state of-the-art electronic trading platform, Auction and Electronic Market Integration (AEMI), on Monday November 6.

Antoine Shagoury, Amex's Chief Information Officer, said, "The Amex is pleased to be partnering with TNS. AEMI unites the best qualities of electronic and auction markets and the launch of our world-class technology platform is a great achievement for the Amex. We look forward to capturing greater market share and adding products on our new trading platform."

"TNS is delighted to have been chosen by Amex and to assist in expanding their trading technology to a wider audience," said Alan R. Schwartz, Executive Vice President and General Manager, TNS. "This announcement is further recognition of TNS' ability to provide reliable, secure connectivity to clients seeking speed, coupled with low-latency and extensive reach to the world's premier trading firms."

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