TNS expands Euronext connection to include equities market data
Transaction Network Services (TNS) is now offering ultra-low latency access to Euronext equities market data feeds through its TNSXpress Layer 1 solution which offers connectivity speeds as low as 5-85 nanoseconds.
The move augments TNS’ existing Euronext offering which also includes access to Euronext’s extensive range of derivatives and fixed income market data, as well as order routing.
“With a market capitalisation of more than EUR4 trillion and 5,000 active institutional investors, Euronext Markets is a pivotal part of the global trading landscape,” says Jeff Mezger, Director of Product Management for TNS’ Financial Services business. “Resilient, efficient and fast access is essential for all traders, but is extremely critical for equities traders and this is where our innovative TNSXpress Layer 1 technology really adds value.”
TNSXpress Layer 1 uses a single hop architecture that is up to 10 times faster than traditional Layer 3 architectures. Originally available in the US, TNS is now rolling this technology out across Europe.
“We are seeking to further support Europe’s financial markets by delivering a technology that helps traders use speed to gain a strong competitive edge,” adds Mezger.
The TNSXpress Layer 1 solution connects at Euronext’s colocation facility in Basildon, UK, and TNS can also offer its Managed Hosting solution at this location.
TNS’ high performance network provides access to market data from over 60 exchanges, ECNs and ATSs globally, as well as from a range of leading vendors. Accessing market data via TNS is typically more cost effective than traders procuring their own connections as TNS passes on the cost efficiencies gained by leveraging shared connectivity.