Gravitas, a leading provider of business consulting and technology solutions to investment managers, has announced a joint solution with global connectivity provider Transaction Network Services (NYSE:TNS), to provide market connectivity for global alternative asset management firms at key co-location facilities.
The new solution will provide Gravitas' buy-side clients with access to more than 1,600 worldwide destinations via TNS' Secure Trading Extranet, providing financial market participants with a turn-key managed co-location offering. Gravitas' managed co-location spaces in New York and Chicago deliver an optimal solution to firms looking for secure, private, low-latency FIX connectivity.
"Gravitas is our preferred managed hosting provider for high-frequency co-location and we are delighted to be working alongside them, providing our clients with a fully managed co-location offering," said Alan Schwartz, President of TNS' Financial Services Division. "Gravitas' engineering team can quickly provision execution connectivity via the TNS network for any client within its managed co-location spaces."
Demand from high-frequency traders was a key factor in the expansion of Gravitas' data centers in Chicago and New York earlier this year. The company now works with nearly 100 firms at its two facilities, including more than two dozen companies involved in quantitative/high-frequency strategies in North America, Europe and Asia.
"With the power of TNS' global network and Gravitas' best-in-breed technology and co-location services, alternative investment managers can perform the simplest to the most complex high-frequency trading strategies from anywhere in the world," said Gravitas CEO Jayesh Punater. "This joint solution enables Gravitas to provide our foreign exchange and equities high-frequency trading clients the low-latency solution they need to gain a competitive advantage."