Science & Technology
Science and Technology
Science and Technology
Wed, February 18, 2009 TNS Provides Extranet Connectivity to BATS Europe
RESTON, Va.--([ BUSINESS WIRE ])--Transaction Network Services (NYSE: TNS) has been selected by BATS Europe, the highly efficient, low latency multilateral trading facility, to provide client connectivity services.
The deal enables market participants to connect to BATS Europe's trading platform using TNS' high performance, low latency Secure Trading Extranet.
Mark Hemsley, CEO of BATS Europe, said: "BATS Europe is pleased to work with TNS as we expand the range of connectivity options available to market participants. TNS' global footprint and established market presence make it a valued partner that will help propel us into Europe as we work to fulfil our ambition to ‘Make Markets Better."
London-based BATS Europe is one of the new wave of multi-lateral trading facilities in Europe. Its counterpart in the U.S., BATS Exchange, is the third largest U.S. equity market with about 12 per cent matched market share in US-listed stocks. Since launching on the 31st of October, BATS Europe has rolled out trading in 15 major European indices.
John Owens, Vice President of Exchanges and ECNs for TNS' Financial Services Division said: "We are delighted to be partnering with BATS Europe and look forward to providing our growing client base with access to the services of this new and exciting market.
"BATS' aim is to have the fastest and most robust platform in Europe, with the lowest latency. Connecting to TNS' high-performance extranet will play an important role in helping it achieve this."
TNS 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 has over 120 points of presence and provides services to customers in 28 countries across America, Europe and the Asia Pacific region, with its reach extending to many more.
For further information about TNS log onto [ www.tnsfinancial.com ]
About Transaction Network Services
Transaction Network Services (TNS) is an international communications company that enables payments, money and voices to move data 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 32 offices across 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 ]
About BATS
BATS Global Markets (BATS) is an innovative global financial markets technology company headquartered in the Kansas City, Mo., area with additional offices in New York and London. The BATS platform was launched in January 2006 and, operating as BATS Exchange, Inc., is one of the fastest growing, top tier equity markets in the United States. BATS serves the European market through its London based, FSA-authorised subsidiary, BATS Europe, which operates a Multilateral Trading Facility for European securities. The BATS platform is internally developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. BATS … Making Markets Better.
For further information about BATS:
MEDIA/ANALYSTS: Randy Williams +1.212.378-8522 or +1.816.516.2179 [ rwilliams@batstrading.com ]
TO CONNECT IN EUROPE: Alex Dalley +44.207.012.8920 [ adalley@batstrading.com ]
TO CONNECT IN US: Jon Schneider +1.913.815.7124 [ jschneider@batstrading.com ]
