Deutsche Boerse teams up with Transaction Networks Services


Deutsche Börse cash market's turnover down 24% YoY

Transaction Networks Services (TNS) has announced that it is adding Eurex and Xetra to its financial community of interest in a new agreement which will help Deutsche Boerse expand the reach of its key European markets.

TNS, which provides access to more than 300 market feeds from over 55 stock exchanges and electronic connectivity networks, has a 2,100 endpoint strong financial extranet. Its connectivity, managed hosting and co-location services are used by over 700 financial institutions globally who will now be able to quickly establish new connections with Eurex and Xetra.

Oliver Grohmann, Head of Market Readiness (for Trading, Clearing and Cash Market) at Deutsche Boerse, said:

Adding TNS to our roster of connectivity providers will increase our appeal. TNS’ reputable and established position as a specialist financial connectivity provider is aligned with our objective to ensure traders can securely, reliably and cost-effectively trade with us. TNS is a trusted multi-member service provider and firms that are resource or budget constrained will be able to work with TNS to simplify their connectivity and deploy their business more efficiently.

TNS’ Secure Trading Extranet provides one-to-many connectivity to a diverse global community. Members enjoy cost efficiency, reliability and high availability, which is reinforced by detailed service level agreements and supported by over 125 points-of-presence.

Firms wanting to be close to the trade matching and data engines for Eurex and Xetra can use TNS’ proximity Managed Hosting, Co-location and Connectivity Service, which is available at Frankfurt’s FR2 data center, among other strategic locales. This solution draws on TNS’ resources and expertise to relieve the headache of sourcing, establishing, maintaining and managing remote data center space and market access while providing ultra-low latency for both trading connections and accessing market data feeds.

Mark Collins, Managing Director of TNS’ FinTech Solutions business, commented:

We are delighted to be expanding the reach of our mission-critical services to cover the strategically important Eurex market and Xetra electronic trading system. We see these platforms as an important strategic addition to our community which will help us to enable sell-side firms to expand and grow their businesses.

This development is also part of our dedicated expansion into the managed hosting space and will help us broaden the portfolio of firms for which we provide connectivity. More importantly, TNS provides low-latency which is a strategic customer requirement in their competitive landscape.

Optimized for electronic trading, TNS’ robust secure network is relied on by the global financial markets for mission-critical connectivity to multiple diverse trading partners. Many of the world’s most prominent and influential buy- and sell-side institutions, market data and software vendors, exchanges and alternative trading venues have selected TNS’ network. Resilient connectivity is assured by there being no single point of failure across the TNS core network and by connected firms choosing from a variety of diverse physical connections.

The connectivity platform supports all asset classes, as well as Market Data, FIX connectivity and other trading protocols. TNS’ services are supported by 24x7x365 monitoring and helpdesk support. TNS’ team have been actively involved in the FIX Trading Community for many years and regularly participate in industry events and serve on working group committees.

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Deutsche Boerse teams up with Transaction Networks Services

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