N@N

TNS and EZX Partner to Provide a Premium Solution for FX Trading

^{Published on 2010-05-26 02:00:18 - Market Wire}
 

RESTON, Va.--([ BUSINESS WIRE ])--Financial market participants can now strengthen their Foreign Exchange (FX) market data and trading capabilities thanks to a new partnership between connectivity provider [ Transaction Network Services ] (NYSE:TNS) and EZX, a leading trading software firm.

"We are delighted to be partnering with one of the worlda™s leading network vendors. TNS has a long standing relationship with multiple trading venues, which will create additional interest from our client portfolio, further underpinning the growing demand for FX trading."

The new partnership will see Transaction Network Services (TNS) and EZX enhance their trading proposition by combining their market expertise to create a premium, [ low latency ] FX market data and trading aggregation service. This FX trading solution will offer financial institutions the opportunity to connect to multiple trading venues, via TNSa™ [ Secure Trading Extranet ], seeking vital market liquidity to serve the growing demand in the FX market place.

Greg Nadan, Managing Director at EZX said,aWe are delighted to be partnering with one of the worlda™s leading network vendors. TNS has a long standing relationship with multiple trading venues, which will create additional interest from our client portfolio, further underpinning the growing demand for FX trading.

aThe joint application of EZXa™s FX market data and trading aggregation software and TNSa™ reliable robust connectivity, via its Secure Trading Extranet, not only offers clients a systematic process for FX trading and market data flow, but also allows enhanced proximity to global trading destinations. TNSa™ network is extremely secure and reliable, making the organization the best partner for us to work with to provide this service to FX traders.a

TNSa™ and EZXa™s [ FX trading ] solution has already allowed a leading asset management firm to execute advanced Foreign Exchange trading strategies.

Alan Schwartz, President for TNSa™ Financial Services Division said,aThe partnership with EZX opens up many new avenues for TNS. FX trading is one of the largest growing market segments in the industry today and offering this new, premium, off the shelf trading solution will enable us to help meet the requirements of the financial industry, providing a seamless solution for the end client. EZX has a vast amount of industry knowledge, and through both our software capabilities, we can offer a technologically competent solution, playing a crucial role for FX traders.a

Established in 2004, EZX provides innovative software and turnkey solutions for specialized trading institutions via its order flow electronic trading platform iServer. This product allows the integration of FIX connectivity into current trading systems as well as strategy engines under development, enabling the execution of advanced FX trading strategies through a normalized API. This allows users to undertake development once, and connect everywhere without additional development efforts.

TNSa™ Secure Trading Extranet connects over 1,600 [ financial community ] end-points, representing buy-side and sell-side institutions, market data and software vendors, exchanges and alternative trading venues. It boasts over 115 points of presence and provides services to clients in over 40 countries across America, Europe and the Asia Pacific region, with its reach extending to many more countries.

For more information about TNS visit [ www.tnsfinancial.com ]

About Transaction Network Services

Transaction Network Services (TNS) is a leading global provider of data communications and interoperability solutions.

TNS offers a broad range of networks and innovative value-added services which enable transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets.

Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 40 countries across the Americas, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods.

For further information about TNS, visit [ www.tnsi.com ]. aOne Connection, A World of Opportunitiesa™

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 ]