RESTON, Va.--(BUSINESS WIRE)--Raptor Trading Systems and Transaction Network Services (NYSE:TNS) are strengthening their position within the Latin American (Latam) financial markets and opening up access to trade to their North American customer base.
Raptor, the leading provider of client facing trading systems, is working primarily with TNS to allow cross-connectivity through TNS’ secure trading network to the Latam markets that are experiencing a strong growth trajectory.
The strategic partnership between Raptor and TNS will allow both companies to target a growing market that is experiencing a great deal of regulatory change as well as technological advancement being impacted by increasing levels of online trading.
Previously, regulatory requirements constrained the Latam markets, making it difficult for firms to undertake global financial trading activity. Recent changes have included firms replacing legacy vendor and proprietary systems and opting to invest in customizable, low latency trading solutions. These changes have helped them achieve greater operating efficiency and provide a strong platform to compete in.
Teddy Lardos, CEO of Raptor Trading Systems said: “The Latam markets significantly benefit from low latency solutions and our collaboration with TNS allows us to bring that service to market. The joint solution also addresses broker requirements and removes the need for them to upgrade their technology to trade. For a cautious and regulated market, flexible and transparent solutions can be the only way to reach markets such as Brazil, Chile, Columbia and Mexico.”
Alan Schwartz, President of TNS’ Financial Services Division said: “Varied regulations and fluctuating electronic market access has compelled local and international players into seeking flexible and reliable solutions. TNS has the ability to keep up with the increasing rate of change and together with Raptor, are in a favorable position to gain a rewarding position in this fast-paced market.
“Using TNS’ resilient and diverse connectivity, the Latam financial community can securely trade without the need for costly infrastructure. Our solutions can be seamlessly integrated and provide a sustainable long term resolution for markets of this type.”
TNS’ secure trading network represents buy-side and sell-side institutions, market data and software vendors, exchanges and alternative trading venues, via more than 125 points of presence. TNS’ financial services division enables end-users to connect in over 45 countries.
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 about TNS, visit www.tnsi.com. ‘One Connection, A World of Opportunities’.
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