BOX links to TNS extranet

Source: TNS

Options traders throughout the world can now enjoy faster, more secure and resilient access to the Boston Options Exchange (BOX), thanks to a new agreement with global connectivity provider Transaction Network Services (NYSE:TNS).

This new agreement will enable traders to benefit from mission critical connectivity to the exchange's options market via a single connection to TNS' Secure Trading Extranet.

Connecting to TNS' Secure Trading Extranet will enable BOX, an all-electronic equity options exchange, to provide a secure, resilient low latency connectivity service that will support the order flow between BOX and its participants. It will also aid the exchange's expansion across the US, by allowing it to offer its members more choice in how to access its options market.

Alan Schwartz, President of TNS' Financial Services Division, said: "BOX is a valuable addition to our financial community and we are delighted to be working with them. This agreement underpins the growing demand for options trading, opens up additional opportunities and enables us to build on connections with key players throughout the industry."

Alan Grigoletto, Senior Vice President, Business Development, Sales and Marketing at BOX, said: "TNS has a global reputation for providing secure, low latency, cost effective connectivity to the financial industry and combined with its long standing relationship with multiple trading venues was an obvious choice for us.

"Traditionally firms used leased lines to access our markets, which often proved to be complicated and expensive. We are now responding to member driven demand for TNS' connectivity services. With this strengthened infrastructure in place we can now provide our clients with a more secure and reliable connectivity option."

Launched in 2004 as an alternative to the then-existing market models, BOX is jointly owned by the TMX Group and seven broker dealers. BOX is well recognized by the global high frequency trading community for providing its clients with measurable opportunities for price improvement in an efficient and transparent marketplace.

TNS' Secure Trading Extranet connects over 1,600 financial community end-points, representing buy-side and sell-side institutions, market data and software vendors, exchanges and alternative trading venues, via more than 115 points of presence. TNS provides services in over 40 countries across America, Europe and the Asia Pacific region, with its reach extending to many more.

Comments: (0)