TNS connects Baltic investment bank to Warsaw Stock Exchange

Source: TNS

Baltic investment bank Suprema Securities is expanding its brokerage services after signing a deal with financial connectivity provider Transaction Network Services (TNS) to use its proprietary IP network to access the Warsaw Stock Exchange.

A fully managed connection to TNS' Secure Trading Extranet will help Suprema Securities achieve its vision of becoming one of the key players in the Pan-Baltic financial markets.

The deal also benefits organisations already linked to TNS' Secure Trading Extranet because, as well as being able to use Suprema Securities to access the Warsaw Stock Exchange, they will be able to use the investment bank's other services, including trading on the Tallinn, Riga and Vilnius exchanges.

Taavi Kainel, production and IT infrastructure manager at Suprema Securities, explained: "We aim to expand our business by building on our established operation in the Baltic states, with strong links outside the region.

"Poland's fast developing economy is attracting investment on a global scale, making it one of eastern Europe's most important capital markets. Connecting to TNS' extranet makes us part of this activity, allowing us to provide brokerage services to domestic and foreign clients trading with its premier association, the Warsaw Stock Exchange.

"Being part of TNS' financial community of interest will also offer us many opportunities for further expansion, which we hope to capitalise on in years to come."

Founded in 1993, Suprema Securities has offices in Tallinn, Riga, and Vilnius, the capitals of Estonia, Latvia and Lithuania respectively. It employs more than 70 staff, providing corporate finance, equity sales, trading and asset management services.

Alex Walker, vice president (international) at TNS' Financial Services Division, said: "We're delighted to be helping Suprema Securities expand its brokerage services and establish links with the Warsaw Stock Exchange.

"Fast, secure and reliable connections are the back bone of modern electronic trading and can help financial institutions achieve a commanding position, particularly as new markets open. Because of this, we are seeing increasing numbers of enquiries from eastern European organisations, aiming to capitalise on advanced technology, such as extranets."

TNS' Secure Trading Extranet connects over 1,000 financial community end-points, representing more than 450 buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues. It boasts over 100 points of presence and provides services to 29 countries across America, Europe and the Asia Pacific region, with its reach extending to many more.

Financial institutions using TNS' network can exchange a variety of trade-related messages, including indications of interest, order routing and trade executions. Security is paramount, with high-value transactions protected by access validation, end-to-end encryption and secure points-of-presence.

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