Transaction Network Services (TNS), a global provider of networking solutions for the financial industry, announced today a series of partnerships that have resulted in the deployment of network connectivity in all major Canadian financial exchange markets.
With this move, TNS has enabled brokers, analysts, traders, and investors within its worldwide financial community to access Canadian markets through TNS’ trading infrastructure.
The Canadian expansion covers seven exchanges, including TradelogiQ, NEO Exchange, Canadian Securities Exchange (CSE), Nasdaq Canada, and CBOE MATCHnow, as well as the Toronto Stock Exchange (TSX) and Montreal Exchange (M-X), both of which are part of TMX Group.
As part of its full suite of infrastructure services, TNS offers colocation and ultra-low latency Layer 1 connectivity with TMX out of the Markham data center, and managed hosting services within Equinix TR2 data center, where the other exchanges are located. TNS has also added new Canadian data feeds to its portfolio, helping to enable greater efficiencies for market data connectivity and order routing.
Jeff Mezger, TNS’ Vice President of Product Development for its Financial Markets business, stated that “This market launch across Canada connects millions of financial buyers and sellers and brings them up to speed on the world’s first globally deployed, highly reliable, and fast commercial backbone.” He added that TNS is “proud to help Canadian financial markets increase uptime and reduce disruption with our single-source solutions suite.”
TNS’ low-latency network connectivity in Canada allows customers to access all equities and derivatives markets alongside the established, comprehensive TNS European, APAC, and US exchange infrastructure. TNS’ mutualized exchange connections deliver a multitude of solutions, including the full, managed services suite, colocation and hardware procurement, all at lower costs than traditional self-managed and siloed exchange systems.
This move represents a significant milestone in TNS’ systematic global expansion plans over the last few years. The deployment of services across these exchanges brings critical mass and momentum to TNS’ interconnected, worldwide trading infrastructure and represents a major step in bringing best-practice financial industry operations to a new level of access, monitoring, orchestration, and security.