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TNS connects to Nasdaq OMX Europe

18 May 2009  |  1807 views  |  0 Source: Transaction Network Services

Transaction Network Services' (NYSE:TNS) Secure Trading Extranet now offers connectivity to Nasdaq OMX Europe.

The deal makes NASDAQ OMX Europe available to TNS' 1,500-strong financial community of interest, which includes buy and sell side institutions, trading application providers, stock exchanges, electronic communications networks (ECN's) and alternative trading systems across the Americas, Europe and the Asia Pacific region. Existing and new users of the multilateral trading facility (MTF) will also be able to use TNS for fast, secure and reliable connectivity under the terms of the agreement.

John Owens, Vice President of Exchanges and ECNs for TNS' Financial Services Division, said: "We are delighted to be working with NASDAQ OMX Europe and see this very much as a win-win situation for all involved. Increasing the number of alternative trading venues connected to our Secure Trading Extranet gives our customers more choice when making trading decisions, while for NASDAQ OMX Europe, linking to our network makes it easier for organisations to do business with it.

"NASDAQ OMX Europe is a dynamic new platform and we anticipate many market participants will be interested in learning more about what it has to offer. We are pleased to be helping the team as the MTF carves out its position in the industry."

Todd Golub, Vice President and COO of NASDAQ OMX Europe added: " We are committed to providing a superior trading experience for our participants through initiatives such as order routing, high speed trading with extremely low latency and highly competitive pricing. Our connection to TNS' Secure Trading Extranet will play a role in helping us achieve this. Through TNS we are able to offer our customers a greater choice in how they connect to us and satisfy a growing demand for ultra-efficient, high-speed trading."

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