29 Oct TNS Unveils New TNSXPress Portfolio at Fia Expo
RESTON, Va.–(BUSINESS WIRE)–#connectivity–Transaction Network Services (TNS) is launching its state-of-the-art TNSXpress product suite at the FIA Expo in Chicago today. Visitors to TNS booth #319 will see how the TNSXpress solutions can offer some of the fastest, most secure and comprehensive connectivity to the global financial markets.
Comprised of three innovative solutions which have been specifically designed to meet the demands of the world’s trading community, TNSXpress includes TNS Layer 1, TNS Managed Hosting and TNS Market Data. This combined offering is feature rich, provides ultra-low latency connectivity and covers a significantly expanded global footprint.
“TNSXpress is redefining the reasons why financial services firms outsource their trading operations,” said Scott Feagans, VP of Technology and Strategy of TNS’ Financial Services business. “It is an innovative, robust and far-reaching suite that offers a value proposition unmatched by any other single-source provider.”
TNS Layer 1 is an innovative technology that utilizes a completely new, purpose-built architecture, that until recently has only been available to high frequency traders. It simplifies the network with single switch hops and eradicates the need for multiple switches, offering speeds as low as 5-95 nanoseconds.
“Our TNS Layer 1 solution is up to 10 times faster than traditional layer 3 architectures,” added Mr. Feagans. “It offers reliable superior performance at a lower total cost of ownership. We are proud to be the first, and currently only, managed service provider that can offer Layer 1 on a global scale. TNS is the pre-eminent provider for high frequency, low latency, global offerings and can comprehensively meet traders’ connectivity and market data requirements through a single-source agreement.”
The TNS Managed Hosting solution provides traders with the opportunity to leverage TNS’ existing points-of-presence at more than 60 exchanges globally, including many in exchange colocation facilities. TNS has local teams and expertise around the world, enabling it to provide guidance on the most effective deployments.
The TNS Market Data service offers a more cost-effective way of accessing exchanges and market data by leveraging shared connections for multicast feeds.
“At its core, the TNSXpress product family is an Infrastructure as a Service (IaaS) offering which means traders have less hardware and data space requirements,” said Mr. Feagans. “TNSXpress captures and synchronizes both market data and client orders with high precision accuracy. Clients can also create performance intelligence insights into individual trades, the managed network and all systems hosted within TNSXpress. This can be used for back testing, statistical analysis and AI applications.”
Founded in 1990, TNS offers a range of connectivity, hosting, cloud, hub, VPN and other solutions, specifically designed and engineered to address the needs of financial market participants worldwide. It currently connects more than 2,100 financial community endpoints globally. For more information about TNS visit www.tnsfinancial.com.
About Transaction Network Services:
Transaction Network Services (TNS) is a leading global provider of data communications and interoperability solutions. TNS offers a broad range of networks and innovative value-added services which enable transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets.
Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 60 countries across the Americas, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods.
For further information on TNS please contact:Clare Cockroft
T: +44 (0)114 292 0163
E: [email protected]
+1 703 814 8065