Adding to its already impressive market data portfolio, Transaction Network Services (TNS) can now provide market data from Wiener Boerse AG, which is operating the stock exchanges in Vienna and Prague. The exchange group collects and distributes stock market data and calculates the most important indices of the region.
Entering into a new agreement with the Vienna based exchange, TNS has become a market data vendor at what is one of the oldest exchanges in the world. "Our central data feed covers more than 10 markets of Central and Eastern Europe such as Budapest, Ljubljana, Prague and Zagreb. We are very much looking forward to working with TNS and are delighted to welcome them on board as a registered vendor," said Sabine Wladar, Senior Manager Market Data Sales, Wiener Boerse AG.
TNS delivers a broad spectrum of market data across most of the world's largest exchanges in 22 countries, including the US, Europe, Canada and Asia, and will connect to Wiener Boerse AG via its rapidADH market data platform. "This new connection gives TNS diverse low latency connectivity from Vienna to London and Frankfurt and enables us to offer market data to firms who are not members of the exchange," said Jeff Mezger, Senior Director of Product Management at TNS.
This latest addition is part of a period of strategic investment and development by TNS and complements its existing European equities data portfolio which includes CBOE Europe, Euronext, Aquis, LSE, Borsa Italiana, Nasdaq OMX Nordic and SIX Swiss.
By leveraging TNS' robust network, organizations can also benefit from a lower cost approach due to TNS' mutualized exchange connections, high performance backbone and status as a registered data vendor with the exchange. "Working with an experienced vendor like TNS brings with it a multitude of benefits and can help cut through the administrative burden and costs as organizations benefit directly from the economies of scale that TNS provides and its status as a market data vendor of record." Mezger added.
TNS brings together over 2,800 financial community endpoints, supported by a global, 125-strong point-of-presence footprint. Specifically designed and engineered to address the needs of financial market participants worldwide, TNS offers a range of connectivity, colocation, cloud, market data and VPN solutions within its infrastructure as a service (IaaS) portfolio. Its solutions are monitored 24x7x365 by TNS' Network Operations Centers in the US, UK and Australia. For further information visit tnsfinancial.com.
About Transaction Network Services:
TNS is a leading global provider of Infrastructure-as-a-Service (IaaS) solutions to the financial, communications and payments markets. Established more than 30 years ago, its extensive portfolio of innovative, value added services enables thousands of organizations across more than 60 countries to interact efficiently, conduct mission critical processes securely and adopt new technologies flexibly.
TNS' Financial Markets business brings global trading participants together and connects them to the world's exchanges through a range of managed hosting, global market data, resilient connectivity and other infrastructure solutions. Innovative technology enables TNS to deliver ultra-low latency solutions, and TNS' next-generation architecture future-proofs clients against ever increasing exchange data volumes. For more information please visit tnsi.com.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.