TNS provides extranet connectivity to Bats Europe

Source: Transaction Network Services

Transaction Network Services has been selected by Bats Europe, the highly efficient, low latency multilateral trading facility, to provide client connectivity services.

The deal enables market participants to connect to Bats Europe's trading platform using TNS' high performance, low latency Secure Trading Extranet.

Mark Hemsley, CEO of Bats Europe, said: "Bats Europe is pleased to work with TNS as we expand the range of connectivity options available to market participants. TNS' global footprint and established market presence make it a valued partner that will help propel us into Europe as we work to fulfil our ambition to 'Make Markets Better."

London-based Bats Europe is one of the new wave of multi-lateral trading facilities in Europe.  Its counterpart in the US, Bats Exchange, is the third largest US equity market with about 12 per cent matched market share in US-listed stocks.  Since launching on the 31st of October, Bats Europe has rolled out trading in 15 major European indices.

John Owens, Vice President of Exchanges and ECNs for TNS' Financial Services Division said: "We are delighted to be partnering with Bats Europe and look forward to providing our growing client base with access to the services of this new and exciting market.

"Bats' aim is to have the fastest and most robust platform in Europe, with the lowest latency. Connecting to TNS' high-performance extranet will play an important role in helping it achieve this."

TNS connects over 1,500 financial community end-points, representing buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues. It has over 120 points of presence and provides services to customers in 28 countries across America, Europe and the Asia Pacific region, with its reach extending to many more.

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