RESTON, Va.--(BUSINESS WIRE)--In the First paragraph of release issued 10 November 2016, the company name has been corrected to read 'Transaction Network Services'.
The corrected release reads:
TNS LAUNCHES FIX HUB TO STREAMLINE TRADING GLOBALLY
Traders using the FIX Protocol are being given access to a revolutionary new connectivity hub from Transaction Network Services (TNS) which allows multiple FIX connections to be established quickly and cost effectively.
The TNS Secure Trading Hub is a fully managed, scalable and vendor agnostic FIX connectivity solution which supports order routing services for multi-asset classes.
Alex Walker, Executive Vice President and Managing Director of TNS’ Financial Services Division, said: “We have designed our low latency hub to eliminate the burden associated with setting up and managing multiple FIX connections.
“Buy and sell side firms, exchanges, alternative trading venues, trade reporting facilities and third party FIX networks all stand to benefit from this highly reliable and robust connectivity solution. By relieving a significant amount of complexity, our clients are free to focus on their core trading objectives.”
The TNS Secure Trading Hub is end-to-end managed by TNS, giving it an edge over standard FIX hub vendors who typically outsource the network element. New connections can usually be established within 24 hours and costs are kept to a minimum with incremental FIX sessions incurring just a marginal additional fee.
Mr Walker said: “We are critically aware of the pressures facing the financial markets and with more than two decades in the industry TNS has the knowledge, skills, contacts and systems needed to be able to establish, manage and maintain multiple FIX connections for our clients.”
The TNS Secure Trading Hub leverages the organization’s Secure Trading Extranet, which is a private closed network with strong network security measures to meet the demanding regulatory requirements of the financial markets.
Founded in 1990, TNS’ solutions are optimized for electronic trading and 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’ core network has no single point of failure and offers a variety of resilient physical connections.
TNS brings together an extensive global financial community of interest with over 2,000 endpoints, 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.
Its network boasts more than 125 points-of-presence with 24x7x365 monitoring and helpdesk support provided by multiple Network Operating Centers around the world. 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.