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Screenshot of a breaking news alert e-mail from Q2 2017
Transaction Network Services (TNS) an industry solutions provider for the payments, financial and telecommunications industries announced today the launch of The TNS Secure Trading Hub, a fully managed, scalable and vendor agnostic FIX connectivity solution which supports order routing services for multi-asset classes.
Alex Walker, Executive Vice President and Managing Director of TNS’ Financial Services Division, said:
We have designed our low latency hub to eliminate the burden associated with setting up and managing multiple FIX connections.
Buy and sell side firms, exchanges, alternative trading venues, trade reporting facilities and third party FIX networks all stand to benefit from this highly reliable and robust connectivity solution.
By relieving a significant amount of complexity, our clients are free to focus on their core trading objectives.
The TNS Secure Trading Hub is end-to-end managed by TNS, giving it an edge over standard FIX hub vendors who typically outsource the network element. New connections can usually be established within 24 hours and costs are kept to a minimum with incremental FIX sessions incurring just a marginal additional fee.
Mr Walker concluded:
We are critically aware of the pressures facing the financial markets and with more than two decades in the industry TNS has the knowledge, skills, contacts and systems needed to be able to establish, manage and maintain multiple FIX connections for our clients.
The TNS Secure Trading Hub leverages the organization’s Secure Trading Extranet, which is a private closed network with strong network security measures to meet the demanding regulatory requirements of the financial markets.