Winterflood Securities signs with TNS

Source: TNS

The leading UK market maker by stock coverage Winterflood Securities Limited has chosen TNS, in a three-year contract, as one of its providers of connectivity for FIX-based transactions.

TNS connects financial services sites around the world on its Secure Trading Extranet enabling participants to submit indications of interest (IOIs), route orders, execute trades, access advanced trading applications, exchanges, ECN's and perform other FIX-based transactions.

Winterflood can benefit from integrated voice and data communications with more than 400 leading financial service providers world-wide.

Philip Yarrow, Director, at Winterflood said: We identified TNS as one of the key network providers to help us connect with the global financial community.

TNS can create trading connections within three days for on-net customers, enabling users to eliminate errors, reduce risk and speed up the trading process within one of the industry's shortest set up timeframes. There is no limit to the number of trading connections supportable by the Secure Trading Extranet. This means that with a single resilient solution users have the opportunity to grow and scale up transaction volumes without needing to change any business-related processes.

As the FIX-based trades are transported over TNS' Secure Trading Extranet, Winterflood has immediate advantages according to John Owens, business development director, International Services Division, TNS. Our Secure Trading Extranet is optimised for trading. It provides secure, resilient, mission-critical connectivity, which greatly assists the achievement of straight through processing and minimises the risk of failed trades.

The TNS Secure Trading Extranet connects leading Financial Services institutions worldwide creating a real 'community of interest'. Entry onto the Extranet gives members the flexibility to communicate quickly with any participating trading partner.

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