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As a result of the deal, CMA's direct and broker clients in Brazil, Chile, Argentina and Colombia will also benefit from fast and convenient access to the multitude of other trading and market data organizations that comprise TNS' global community of interest. Similarly, TNS's community will be able to gain access to CMA's extensive broker clients throughout Central and South America, in order to trade securities in those markets. CMA is a specialist provider of integrated technology solutions for the financial markets, providing EMS/OMS Systems (Execution and Order Management Systems), DMA (Direct Market Access) Systems, Financial Connectivity Network and real time market data coverage of stocks, bonds, currencies, commodities and futures. CMA currently has clients in 35 countries across the globe, along with 12 subsidiaries, including offices in the United States, Spain, Portugal, Argentina, Uruguay, Chile, Mexico and Colombia. Romualdo Salata, General Director at CMA said, "Our mission is to provide the very latest technology solutions, communication networks and information systems for our clients, offering them the best possible service and a competitive edge in the marketplace. We aim to help them increase productivity, strengthen operational reliability and control risk, while offering the most cost effective solution for their connectivity requirements". "By connecting to TNS, our clients will benefit from a low latency, robust and reliable service, along with quick and easy access to a wide range of market leading potential clients and partners across the globe." Alan Schwartz, Executive Vice President, North American Sales, Transaction Network Services said: "CMA has been a trading solutions and market data provider in Brazil for over 20 years and commands an outstanding reputation throughout Latin America. By connecting to our market leading Secure Trading Extranet, their enhanced connectivity capabilities truly reflect that reputation and make a highly compelling proposition to clients. "For TNS, this deal means further expansion of our network coverage, which works to the benefit of our entire global client base." TNS' Secure Trading Extranet connects over 1,500 financial community end-points, representing buy-side 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 clients in over 28 countries across America, Europe and the Asia Pacific region, with its reach extending to many more countries. Transaction Network Services (TNS) is an international data communications company that enables payments, money and voices to move around the world. ((Comments on this story may be sent to newsdesk@closeupmedia.com)) For full details for TNI click here.
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