Transaction Network Services (TNS) is investing resources to enhance global connectivity in Asia, as many companies on the continent experience global growth.
Headquartered in Virginia, the TNS network boasts 247 regional financial community endpoints, including exchanges and data centers, which benefit from TNS’ low latency infrastructure. Coupled with the Layer 1 in-data center solution, the TNS global network covers 11 countries and 23 exchanges in the region, according to a press release.
“Asia provides significant opportunity and growth with fast developing, as well as emerging markets for traders,” said Jeff Mezger, TNS’ vice president of product management for its financial markets business. “We recognize the need to provide the quality of Asian connectivity, to match the present and future needs of clients. We have designed the network to have sufficient capacity to provide streaming of market data globally, with the ability to deliver APAC sourced market data to the US and Europe and vice versa.”
TNS has partnerships with several institutions including the Singapore Exchange, Japan Exchange Group, and the Hong Kong Exchanges and Clearing market (HKEX).
“Hong Kong is one of the world’s foremost financial centers, and HKEX is a major global gateway to trading and market data in Asia,” Mezger said in a release in April 2020. “HKEX is the listing exchange for some of the world’s largest companies, offers deeply liquid derivatives markets, and is a throughway to the mainland Chinese exchanges. With HKEX now in the TNS network, customers from all over the world can collocate their trading infrastructure with the exchange, leverage richer, real-time market data, and access an important financial market using a single, secure vendor with local onsite support.”
Today, the company features 247 regional financial community endpoints.
Of the 20 major stock exchanges in the world, eight are in Asia, making the continent extremely important for anyone in the international trading business, TNS stated in the release.
“TNS’ expansion into Hong Kong represents another proof point in how customers can access the major world financial centers and exchanges simply, quickly and with a lower total cost of ownership,” said Mezger. “For firms that need access to Hong Kong and mainland China, TNS provides a comprehensive managed hosting solution and while this is our first outpost in Asia, we’re anticipating future expansions into other Asian markets.”