SEOUL, Korea--(BUSINESS WIRE)--Trading on the Korean financial markets has become easier and more efficient today after Transaction Network Services (TNS) officially opened its new point-of-presence (POP) in the heart of the country’s business area.
Located in Yeouido, Seoul, TNS’ new POP strengthens its extensive global network and provides TNS’ financial community of interest with low latency connectivity and co-location services.
Alex Walker, Executive Vice President and Managing Director of TNS’ Financial Services Division, said: “Korea is a strategically important location within the Asian financial markets as well as globally. Our new investment in this POP, our third in the country, underlines our commitment to delivering high speed, secure and resilient connectivity to Korean firms as well as those overseas organizations wishing to enter the market.”
Today’s news means TNS’ 1,900-strong financial community of interest is now supported by more than 125 POPs globally. On-net TNS customers can establish a connection to the new Korean POP in just a few days.
Mr Walker added: “Our Yeouido POP helps us deliver the lowest latency possible for our clients and gives us the ability to offer fully-managed co-location services in Korea. The benefits of co-location are widely recognized and particularly important when financial market participants are seeking to establish a presence in the diverse and wide-spread Asian region.”
With over two decades of heritage, TNS’ network is optimized for electronic securities trading. It has no single point of failure across its core and, via one highly secure low latency connection into TNS, it provides a variety of resilient physical connections and unlimited cross-connects.
Mr Walker said: “We have provided co-location services in many countries for more than 10 years now and have an exceptional appreciation of the needs of the financial markets. Our experienced team manages the entire process from initial installation through to operational service, enabling organizations to establish close proximity to trading venues without having to enter into complex contracts with data center providers, establish racking or stacking space or install cabling, for example.”
TNS’ robust secure network is relied on by the global financial markets for mission-critical connectivity to multiple diverse trading partners, including those in emerging markets across the Americas, Asia and Europe. TNS brings together an extensive global financial community of interest, including many of the world’s most prominent and influential buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues.
It offers support for a full range of asset classes, as well as eCommerce and FIX connectivity, and its services are supported by 24x7x365 monitoring and helpdesk support. To find out more please 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.