Transaction Network Services (NYSE:TNS) has joined forces with Brazil's dominant market data and trading solutions provider CMA, to provide its clients with access to real time global financial data via TNS' Secure Trading Extranet.
As a result of the deal, CMA's direct and broker clients in Brazil, Chile, Argentina and Colombia will also benefit from fast and convenient access to the multitude of other trading and market data organizations that comprise TNS' global community of interest. Similarly, TNS's community will be able to gain access to CMA's extensive broker clients throughout Central and South America, in order to trade securities in those markets.
Established in 1973, CMA is recognized globally as one of the leading specialist providers of integrated technology solutions for the financial markets, providing EMS/OMS Systems (Execution and Order Management Systems), DMA (Direct Market Access) Systems, Financial Connectivity Network and real time market data coverage of stocks, bonds, currencies, commodities and futures.
CMA currently has clients in 35 countries across the globe, along with 12 subsidiaries, including offices in the United States, Spain, Portugal, Argentina, Uruguay, Chile, Mexico and Colombia.
Romualdo Salata, General Director at CMA said, "Our mission is to provide the very latest technology solutions, communication networks and information systems for our clients, offering them the best possible service and a competitive edge in the marketplace. We aim to help them increase productivity, strengthen operational reliability and control risk, while offering the most cost effective solution for their connectivity requirements".
"By connecting to TNS, our clients will benefit from a low latency, robust and reliable service, along with quick and easy access to a wide range of market leading potential clients and partners across the globe."
Alan Schwartz, Executive Vice President, North American Sales, Transaction Network Services said: "CMA has been a trading solutions and market data provider in Brazil for over 20 years and commands an outstanding reputation throughout Latin America. By connecting to our market leading Secure Trading Extranet, their enhanced connectivity capabilities truly reflect that reputation and make a highly compelling proposition to clients.
"For TNS, this deal means further expansion of our network coverage, which works to the benefit of our entire global client base."