"Financial institutions utilizing TNS's Secure Trading Extranet to conduct trades through the Track ECN are getting a double benefit," said Alan Grujic, managing director at Infinium Capital Group. "The Secure Trading Extranet provides the most reliable communications and constantly evolving technology around the trading process, while Track ECN offers some of the best pricing options in the market. Both of these factors affect the bottom line when it comes to the business of trading."

As one of the few remaining independent ECNs, Track ECN allows customers to reach all markets and does not tie its pricing to minimum monthly trading volume requirements, as many of the larger ECN providers typically do. This pricing policy allows Track to offer clients of all sizes some of the highest rebates and lowest take-out fees in the market. Customers connecting to Track ECN through the TNS Secure Trading Extranet are up and running in about three days, versus the typical required implementation time of six to eight weeks with direct, point-to-point connections.

"We have been working with Track Data for some time, and TNS is really seeing an increase in client demand for the connection to their ECN," said Alan R. Schwartz, SVP and general manager of TNS' Financial Services Division. "Working with ECNs like Track has added to the growth in the number of customer end points maintained by TNS, both physical and logical. TNS is achieving its goal to deliver faster transactions to more traders."