Financial information provider SIX Telekurs and Transaction Network Services (NYSE:TNS), a global data connectivity provider, are intensifying their collaboration to source real-time market data from high growth financial centres in Asia.
TNS will host communications between market data sources in Asia and SIX Telekurs‟ regional data centre in Singapore. Significant among the data sources are stock exchanges in Thailand and Taiwan as well as the Shanghai and Shenzhen exchanges. Global market participants will benefit from the added reliability and market cover made possible by this new phase of the collaboration.
"TNS have helped us ensure interoperability across critical networks in Asia," explained Paul Bollhalder, Managing Director, SIX Telekurs Asia Pacific - ex Japan. The enhanced collaboration enables the delivery of real-time pricing and orderbook data. "We have been able to extend our geographical reach significantly, and cost effectively, while at the same time improving service levels," continued Bollhalder.
Alan Schwartz, President of TNS‟ Financial Services Division, said: "We are delighted that a vendor with such an impressive global footprint as SIX Telekurs has chosen to partner with TNS to deliver financial information, including real-time market data from exchanges in Asia, to their clients. We have made extensive investments in our network since first entering the Asian market more than a decade ago and this agreement affirms the industry‟s belief that we are firmly one of the leading specialists in the region."