Transaction Network Services (NYSE:TNS), an international data communications company, has signed an agreement with the London Stock Exchange to become an accredited Network Service Provider providing high performance, high speed, robust and scalable network connectivity to London's markets.
The agreement will enable London Stock Exchange member firms, hedge funds, market data vendors and the automated trading community to select TNS' Secure Trading Extranet for faster access and lower latency connectivity to TradElect and Infolect, the Exchange's trading and information systems.
Commenting on the agreement, John Owens, Vice President of Exchanges and ECNs for TNS' Financial Services Division, said: "London Stock Exchange clients will have the option to use TNS' Secure Trading Extranet to rapidly access market data feeds and execute trades directly on the exchange. We are delighted to add the London Stock Exchange to the growing roster of international exchanges we support and look forward to enhancing its new clients' trading performance."
Commenting on TNS becoming a NSP, Wendy Morgan, Head of Real Time Data at the London Stock Exchange, said: "As latency becomes more central to trading and trading volumes increase, it is essential for our customers to have a wide choice when choosing to connect to London Stock Exchange's markets. TNS is our fifth accredited service provider and we welcome their investment in this service."
TNS currently has more than 25 exchanges, ECN and alternative trading services on its network, covering four continents across the globe. Its extensive client community incorporates over 1,500 financial community end-points, representing buy-side and sell-side institutions, market data and software vendors, exchanges and alternative trading venues. It boasts over 120 points of presence and provides services to customers in 28 countries across the Americas, Europe and the Asia Pacific region, with its reach extending to many more.
Financial institutions using TNS' network can access a variety of mission critical trade-related messages, data and applications which supports order routing, trade executions, direct market access and algorithmic trading.
Security is paramount; TNS' network ensures that high-value transactions are protected by access validation, end-to-end encryption and secure points-of-presence.