Transaction Network Services (NYSE:TNS) today announced that Interactive Data Real-Time Services, an Interactive Data Corporation (NYSE:IDC) business, has enhanced its services to clients with fast and secure data distribution through Transaction Network Services' extensive Secure Trading Extranet.
Transaction Network Services will provide Interactive Data with resilient, scalable, fully managed connectivity that will carry its market data feeds and additional services to new and existing clients of Interactive Data.
Interactive Data is a leading global provider of financial market data, analytics and related services to financial institutions, active traders and individual investors. It supplies real-time market data, time-sensitive pricing, evaluations and reference data for millions of securities traded around the world, including hard-to-value instruments. Interactive Data's Real-Time Services business delivers low latency data on over 5 million securities from more than 450 sources around the world.
David Hann, general manager, EMEA, at Interactive Data Real-Time Services, said: "TNS' ability to offer fast, secure connections was a major factor in our decision to add TNS to our range of connectivity options. Interactive Data's customers currently managing their own connections now have an option to upgrade to TNS which is designed to provide faster transfer of data."
Banks, brokerages and money management firms globally use Interactive Data's PlusFeedSM, a consolidated, low latency digital datafeed to power their revenue critical market data applications.
Alex Walker, senior vice president and general manager at TNS' Financial Services Division, said: "We are pleased to welcome Interactive Data to our network and to be providing its customers with fully managed, scalable connectivity.
"This connection demonstrates Interactive Data's commitment to providing an efficient electronic data distribution environment to its customers and we are looking forward to a long relationship."