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The suite of products, which features exceptional levels of low latency, gives financial market participants greater control over the latency of their connectivity services, allowing them to choose the system efficiency which meets their needs.
Defined as the time from event to execution, latency can significantly impact on business operations, margins and best execution.
The new packages - Light, Classic, Premium and Extreme - leverage the technology, experience and industry relationships developed by TNS, since its Secure Trading Extranet became one of the first connectivity services dedicated to the financial markets more than a decade ago. They range from a simple entry level package through to the ultimate high performance service, using low latency fibre optic connections direct to trading and data destinations.
These are supported by new co-location and fully managed hosting services which place equipment in close proximity to data and trading engines, helping to minimise latency further.
Alex Walker, Senior Vice President and General Manager of TNS' Financial Services Division, said: "Financial market participants are demanding ever-decreasing levels of latency, in order to gain competitive advantage, promote profitability and capitalise on black box applications, such as algorithmic trading.
"TNS' new suite of products has been conceived to bolster our existing Secure Trading Extranet and permit financial organisations the freedom to choose the level of latency which meets their individual business needs. By offering this portfolio, we are giving customers access to some of the best connectivity and hosting services available, while helping them balance their investment against their other objectives.
"The new TNS Extreme package is a powerful strategic business tool for organisations needing the highest levels of system efficiency, while TNS Premium provides optimal connectivity by concentrating primary trading destinations together using our low latency hub."
TNS Classic is based on TNS' popular Secure Trading Extranet, while TNS Light is ideal for situations where leased line circuit costs are prohibitive and uses the public internet for select provider and counterparty connectivity only.
Mr Walker said: "Expanding our services in this way demonstrates the greater level of flexibility we can offer clients. When we previewed the packages at SIFMA it was evident from the response that this is something the industry appreciates.
"With a range of options at our fingertips, we can handle any connectivity requirement and will work closely with clients to match the needs of their business to the most advantageous solution for them."
TNS boasts one of the world's largest financial communities of interest, connecting over 1,000 financial community end-points, representing buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues. It has over 120 points of presence and provides services to customers in 28 countries across America, Europe and the Asia Pacific region, with its reach extending to many more.
About Transaction Network Services
Transaction Network Services (TNS) is an international communications company that enables payments, money and voices to move data around the world.
TNS' mission is to enable the world to transact. It does this through a broad range of networking, communications and value added services, which it provides to many of the world's leading retailers, banks/processors, telecommunications companies and financial markets.
Since its inception in 1990, TNS has designed and implemented multiple data networks, each designed specifically for the transport of transaction-oriented data. TNS' networks support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods. Today, TNS has 32 offices across 28 countries with the ability to provide services in other countries.
Statements and information contained in our press releases and newsletters that are not descriptions of historical fact may contain forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond our control, which could cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods.
CONTACT: Paul Rogers, Ptarmigan Consultants, TNS Tel: +44 (0)113 242 1155 e-mail: paulr@ptarmiganpr.co.uk Kelly Gough, TNS Tel: +44 (0)114 292 6416 Clare Cockroft / Beka Horton, TNS Tel: +1 703 453 8432 e-mail: ccockroft@tnsi.co WWW: http://www.tnsi.com
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