TNS Expands Hosting Services to New York And Chicago
Low latency trading firms looking to access key equity, derivatives and FX markets can now choose Transaction Network Services (TNS) as it expands its Managed Hosting, Co-Location and Connectivity Service to New York and Chicago
TNS’ new solution, already launched in Europe and Asia, provides efficient and cost-effective managed hosting in remote data center locations on behalf of financial market participants and providers. The service allows them to enjoy the benefits of proximity co-location, such as ultra low latency exchange access and client cross connects without the high cost and complexity of researching, procuring, installing and managing trading infrastructure themselves.
Tom Lazenga, Vice President of Sales for TNS’ Financial Services Division, said: “New York and Chicago are two of the world’s most important financial centers and we are delighted to be helping our community by establishing a facility which allows firms to capitalize on the opportunities that proximity and low latency trading presents in these centers. Managing third party data center hosted facilities can present a significant problem for organizations challenged with resource, know-how and capital constraints.
“We have designed TNS’ Managed Hosting, Co-Location and Connectivity Service so clients can speed up market entry as well as have the flexibility to test new markets as required. The fully managed solution is highly flexible and allows a firm to scale operations when needed without significant internal resource or capital commitment.”
TNS’ Managed Hosting, Co-Location and Connectivity Service will be available in the Secaucus campus and Chicago CH4 data centers. From these locations trading firms have access to hundreds of markets, alternative trading venues, public and private cloud services and other financial market participants.
Mr Lazenga said: “These sites offer many great trading opportunities, including FX venues such as Hotspot and Currenex, and key markets like IEX and CBOE-Bats. We are connected to virtually all the markets in both sites and have already commenced service delivery for a number of parties. We look forward to helping these and other organizations to secure their presence in New York and Chicago.”