TNS and EZX team for FX market data and trading aggregation

Source: TNS

Financial market participants can now strengthen their Foreign Exchange (FX) market data and trading capabilities thanks to a new partnership between connectivity provider Transaction Network Services (NYSE:TNS) and EZX, a leading trading software firm.

The new partnership will see Transaction Network Services (TNS) and EZX enhance their trading proposition by combining their market expertise to create a premium, low latency FX market data and trading aggregation service. This FX trading solution will offer financial institutions the opportunity to connect to multiple trading venues, via TNS' Secure Trading Extranet, seeking vital market liquidity to serve the growing demand in the FX market place.

Greg Nadan, Managing Director at EZX said, "We are delighted to be partnering with one of the world's leading network vendors. TNS has a long standing relationship with multiple trading venues, which will create additional interest from our client portfolio, further underpinning the growing demand for FX trading.

"The joint application of EZX's FX market data and trading aggregation software and TNS' reliable robust connectivity, via its Secure Trading Extranet, not only offers clients a systematic process for FX trading and market data flow, but also allows enhanced proximity to global trading destinations. TNS' network is extremely secure and reliable, making the organization the best partner for us to work with to provide this service to FX traders."

TNS' and EZX's FX trading solution has already allowed a leading asset management firm to execute advanced Foreign Exchange trading strategies.

Alan Schwartz, President for TNS' Financial Services Division said, "The partnership with EZX opens up many new avenues for TNS. FX trading is one of the largest growing market segments in the industry today and offering this new, premium, off the shelf trading solution will enable us to help meet the requirements of the financial industry, providing a seamless solution for the end client. EZX has a vast amount of industry knowledge, and through both our software capabilities, we can offer a technologically competent solution, playing a crucial role for FX traders."

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