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Tora has enhanced its TORA Compass trading platform and the connections to its clients and brokers in Asia, Europe and US with high capacity, fast, secure and reliable FIX-enabled trading connectivity, via TNS' extensive global IP network.
Tora has already established a significant number of broker connections to TNS' extranet service, accounting for 50% of the organisation's total network. TNS has also provided several customised connectivity packages to meet the specific requirements of key Tora clients. The Tora-TNS business relationship allows financial organisations already connected to the TNS network to establish links with TORA Compass.
"TNS is widely recognised as one of the world's leading FIX-enabled networks for electronic trading," comments Mick Hastings, Tora's vice president for technology infrastructure. "On top of the advantages of fast and secure connectivity, the previously complex task of connecting new brokers to our TORA Compass trading platform has been greatly simplified. Thanks to TNS' connectivity management we have realised significant efficiency gains that have enabled us to reallocate internal resources to support other critical processes."
Alex Walker, TNS' senior vice president and general manager, Financial Services Division, added: "The TORA Compass trading platform is a valuable addition to our financial community of interest. We are delighted to welcome Tora and their growing list of clients to our network and to provide them with fully managed connectivity."
Direct market access is increasingly important in today's financial markets and harnessing the right technology is key to ensuring competitive advantage. By connecting to TNS, Tora is maximising its potential in what is an increasingly competitive marketplace.
TNS' Secure Trading Extranet is optimised to handle mission critical connectivity, including support for direct market access, making it a valuable low latency technology for the rapidly growing financial community in Asia.
Founded in 2004, Tora (www.toratrading.com) is the recognized leader in electronic trading systems and access to liquidity for Asia. The TORA Compass trading platform is the most comprehensive multi-broker electronic trading platform focused on Asia with 75 Asian brokers, 24 markets, 14 countries, and over 150 algorithmic trading strategies to trade equities, stock futures and options, index futures and options, warrants, convertible bonds, swaps and other synthetics, all on one platform. It also includes extensive OMS functionality, including separable parent/child orders, real-time intraday P&L, staging, and post-trade analytics.
TNS' Secure Trading Extranet connects over 1,500 financial community end-points, representing buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues. It boasts over 120 points of presence and provides services to customers in 28 countries across the Asia Pacific region, America and Europe, with its reach extending to many more countries.
Financial institutions using TNS' network can exchange a variety of trade-related messages, including indications of interest, order routing and trade executions, as well as receiving consolidated and real-time market data.
For further information about TNS log onto www.tnsfinancial.com
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About Transaction Network Services
Transaction Network Services (TNS) is an international data communications company that enables payments, money and voices to move 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 offices throughout the world serving customers in 28 countries with the ability to provide services in other countries.
For further information about TNS, visit www.tnsi.com.
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. www.tnsi.com
Tora and Tora Compass are the trademarks and registered trademarks of Tora Holdings Limited in the United States and other countries.
CONTACT: Paul Rogers/ Kelly Gough, Ptarmigan Consultants Tel: +44 (0)113 242 1155 e-mail: paulr@ptarmiganpr.co.uk e-mail: Kelly@ptarmiganpr.co.uk Clare Cockroft/ Beka Horton, TNS Tel: +44 (0)114 292 6416 e-mail: ccockroft@tnsi.com e-mail: bhorton@tnsi.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
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