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TWSE Connects with TNS for Low Latency Market Data Distribution

^{Published on 2008-11-19 03:44:32 - Market Wire}
 

RESTON, Va.--([ BUSINESS WIRE ])--The Taiwan Stock Exchange (TWSE) is targeting new markets by appointing Transaction Network Services (NYSE:TNS) to provide market data and trading information via its fully managed Secure Trading Extranet.

The connection will allow TWSE to deliver real-time market data to end users around the world as well as data vendors and other intermediaries in new territories and markets.

Mr Chao Lung, Senior Vice President, Market Data & Corporate Systems Dept at TWSE, said: "TNS is widely recognised as one of the world's leading networks for electronic trading.

"Connecting with TNS' Secure Trading Extranet gives TWSE access to prospective new customers and grants TNS' customer base across the Asia Pacific region, America and Europe access to TWSE with greater efficiency."

Home to Taiwan's leading listed companies, TWSE is determined to develop global exchange and attract international issuers as part of Asia Pacific's rapidly emerging market.

John Owens, Vice President for Exchanges and ECNs at TNS, said: "We are pleased to welcome TWSE to our network and help it connect with overseas markets. TNS' Secure Trading Extranet is optimised to handle mission critical connectivity, providing low latency data dissemination to support active trading decision making and where needed, direct market access. It's an increasingly valuable technology for the rapidly growing financial community in Asia."

This deal also allows financial organisations already connected to the TNS network to establish links with TWSE.

TNS' Secure Trading Extranet connects over 1,500 financial community end-points, representing buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues. It boasts over 120 points of presence and provides services to customers in 28 countries across the Asia Pacific region, America and Europe, with its reach extending to many more countries.

Financial institutions using TNS' network can exchange a variety of trade-related messages, including indications of interest, order routing and trade executions, as well as receiving consolidated and real-time market data.

For further information about TNS log onto [ www.tnsfinancial.com ]

About Transaction Network Services

Transaction Network Services (TNS) is an international data communications company that enables payments, money and voices to move around the world.

TNS' mission is to enable the world to transact. It does this through a broad range of networking, communications and value added services, which it provides to many of the world's leading retailers, banks/processors, telecommunications companies and financial markets.

Since its inception in 1990, TNS has designed and implemented multiple data networks, each designed specifically for the transport of transaction-oriented data. TNS' networks support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods. Today, TNS has offices throughout the world serving customers in 28 countries with the ability to provide services in other countries.

For further information about TNS, visit [ www.tnsi.com ].

Statements and information contained in our press releases and newsletters that are not descriptions of historical fact may contain forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond our control, which could cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods. [ www.tnsi.com ]