TNS connects to Chi-X Canada

Source: Transaction Network Services

Transaction Network Services (NYSE:TNS) has added Chi-X Canada to its expanding portfolio of ATS's, exchanges and ECN's.

Clients will be able to rapidly access the high-performance, fully-anonymous and low-cost Canadian alternative trading system through TNS' Secure Trading Extranet.

John Owens, Vice President of Exchanges and ECNs for TNS' Financial Services Division, said: "We are delighted to have developed a new partnership between Chi-X Canada and TNS, which will enable firms that want to trade Canadian securities to access Chi-X Canada in a very rapid fashion.

"Typically connections can be established within three days - often the same day. By connecting to TNS' Secure Trading Extranet, Chi-X Canada will be able to offer services to any point within TNS' ever-expanding community, currently sitting at more than 1,500 end points.

"The deal, which is an addition to the successful relationship TNS has with Chi-X Europe, will provide our clients with reliable, secure and low latency connectivity to Chi-X Canada and its no-cost market data. The Secure Trading Extranet is scalable and flexible, enabling it to adapt to the growing needs of businesses."

Matthew Trudeau, chief operating officer at Chi-X Canada said: "We're completely committed to working with the Canadian investment community to ensure that trading on Chi-X Canada is easy and seamless as possible. We're pleased to announce today's agreement with TNS, as it provides Canadian market participants with greater choice in how they route orders to and receive pricing information from Chi-X Canada."

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