TNS Selected as Connectivity Provider for FFastfill
TNS Strengthens Offering in Hosted Solution Space
LONDON--(BUSINESS WIRE)-- Ffastfill, a leading provider of hosted solutions to the global derivatives community is strengthening its offering by signing an agreement with connectivity provider, Transaction Network Services (NYSE:TNS).
Through TNS, Ffastfills hosted clients can access TNS global community and benefit from rapid connectivity to exchanges and sell-side organizations.
TNS will provide connectivity allowing Ffastfills hosted clients access to multiple brokers and exchanges through TNS Secure Trading Extranet (STE.) TNS Bandwidth Based Services (BBS) are an enhanced capability of the STE and its flexible design provides clients, such as Ffastfill, with committed bandwidth that has customized bursting capabilities and is ideal for fast moving and sometimes unpredictable volumes of trade experienced within many financial markets.
Alan Schwartz, President of TNS Financial Services Division said: Ffastfill is a welcome addition to TNS global financial community. Ffastfill has an excellent opportunity to enhance its hosted solution and access the worlds leading exchanges as well as TNS derivatives clients. Increasingly, financial market participants, including TNS clients, are looking to trade across multiple asset platforms and Ffastfill provides the operating functionality through its portfolio of electronic applications to make this achievable.
Caroline Davis, Ffastfills Head of Trade Execution Services said: Committed bandwidth from TNS STE presents our global client base, with opportunities to expand their reach and engage in high volumes of trade across multiple markets. We were very keen to work with a connectivity provider with such capabilities. Overall, TNS offers a great deal of functionality, flexibility and reliability, for example its three day on net service.
TNS Secure Trading Extranet connects over 1,700 financial community end-points, representing buy-side and sell-side institutions, market data and software vendors, exchanges and alternative trading venues, via more than 115 points of presence. TNS provides services in over 60 countries across America, Europe and the Asia Pacific region, with its reach extending to many more.
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 60 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. One Connection, A World of Opportunities
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Source: Transaction Network ServicesCopyright Business Wire 2011