Transaction Network Services (TNS), a key service provider supporting capital markets client and counterpart connectivity and reportedly the first to market with a Layer 1 network solution, has invested considerably in its backbone to offer high-performance international connectivity for customers “tapping the plethora of opportunities developing in Asia.”
The TNS network maintains 247 regional financial community endpoints, including exchanges and data centers, which “benefit from TNS’ low latency infrastructure.” In total, coupled with the Layer 1 in-data center solution, the TNS global network now “covers 11 countries and 23 exchanges in the region.”
The announcement also mentioned that TNS has partnerships “with key institutions including SGX, JPX and HKEX and this continued network deployment shows TNS’ commitment to its service development in the region.”
Asia is consistently proving to be “a global engine for growth and the level of competition amongst exchanges is driving innovation.” Of the top 20 exchanges in the world, “8 are now in Asia, making it a strategic necessity for traders,” the update revealed.
Jeff Mezger, TNS’ Vice President of Product Management for its Financial Markets business, stated:
“Asia provides significant opportunity and growth with fast developing as well as emerging markets for traders. We recognize the need to provide the quality of Asian connectivity, to match the present and future needs of clients. We have designed the network to have sufficient capacity to provide streaming of market data globally, with the ability to deliver APAC sourced market data to the US and Europe and vice versa.”
TNS offers ultra-low latency access to the markets and market data via its Layer 1 tech, providing customers with access to execution speeds “up to 10 times faster than traditional layer 3 architectures.”
TNS Layer 1 is an advanced global solution, eliminating the requirement for multiple switches, “using a simple, single hop architecture to deliver connectivity in as little as 5 to 85 nanoseconds.”
Brokerages and trading customers “need the diversification offered by Asian financial instruments and TNS is focused on offering the best possible infrastructure to do this.”
TNS offers global connectivity and Layer 1 infrastructure solutions “with a managed service which offers a more flexible and cost-effective option.”
Clients benefit from the local presence and support “in all markets and the ability to lease hardware and obtain a level of access that meets actual requirements.”
The announcement further noted that each market within the Asia region is “developing at its own rate, offering different trading opportunities, and operating with its own local nuances.” Due to the flexible model and on the ground presence in all active markets, TNS is “a single point of contact with the ability to offer locally focused advice to firms that are operating in Asia but still need a global perspective.”