Delta Lloyd Securities links to TNS's FIX trading extranet
27 July 2005 | 3665 views | 0
Source: Transaction Network Services
Transaction Network Services (TNS), Inc. (NYSE:TNS), the global leader in the delivery of business critical, time sensitive transaction data, today announced that it has been appointed by Delta Lloyd Securities, a leading specialist European equities stockbroking firm, to provide FIX trading connectivity for its operations in Belgium and the Netherlands.
The deal will enable Delta Lloyd Securities to connect to TNS' Secure Trading Extranet, which connects one of the world's largest FIX-based financial communities.
Via the Secure Trading Extranet, Delta Lloyd Securities will have access to over 1,000 end-points, including buy-side and sell-side organizations, market data and software vendors, exchanges and alternative trading venues around the world.
TNS' Secure Trading Extranet enables participants to submit indications-of-interest, route orders, execute trades, access advanced trading applications, exchanges, and electronic communication networks and perform other FIX and non FIX-based transactions.
"Following a recommendation from one of our customers, we identified TNS as one of the key network providers to help us connect with the global financial community," said Bert Verhoeven, head of IT development at Delta Lloyd Securities. "We reviewed a couple of networks, but TNS' Secure Trading Extranet stood out due to its ability to provide high-speed and reliable connectivity to an impressive number of financial institutions worldwide."
TNS is expanding its network by establishing new points-of-presence, entering new markets and widening distribution channels through partnerships with third parties.
"Our Secure Trading Extranet is optimized for trading," said Jim Payens, vice president, TNS (Netherlands). "The network is widely recognized as one of the most secure, fastest and reliable in the world and one that can connect any on-net institution to any other within three business days. There is no limit to the number of trading connections supportable by the Secure Trading Extranet, giving Delta Lloyd Securities the opportunity to grow and scale up transaction volumes without the need to change any business-related processes."
To support financial institutions in the move towards straight-through-processing, TNS is building on its IP network to provide a broader range of applications including wide area networks, market data distribution and trader voice services.