TNS Partners with Solid Trading to Support Foreign Exchange Market
LONDON--(BUSINESS WIRE)-- SolidFX, the Dutch-based foreign exchange (FX) ECN, is now using Transaction Network Services (NYSE:TNS) as its primary connectivity provider to access European and US FX markets.
Solid Trading specializes in automated FX trading through its currency trading platform, SolidFX. The relationship with TNS allows Solid Trading to expand its global reach through TNS secure trading network, a fully managed and resilient connectivity solution. The TNS network supports Solid Trading to help address the complex trade-order management requirements of high-volume, high-frequency activities of FX trading. TNS connects to some of the most prominent trading hubs in major global financial centres. The partnership will help open the market for Solid Tradings FX market participants to connect to service providers that cover the full FX trade cycle.
José Baptista, Director at Solid Trading BV said: Were very excited to be working with TNS global financial portfolio as it enables us to leverage new opportunities for our customers. With FX trading firms looking to connect to a variety of FX liquidity venues and market data providers, were thrilled to establish a partnership with a key player like TNS to provide our customers access to the widely fragmented, global FX market.
TNS existing infrastructure was seamlessly integrated into our platform and through one connection to its secure trading network, links our customers to an extensive network that could present vital potential competitive advantages."
Martin Tunstall, Rabobanks Global Head of eMarkets and a customer of both TNS and Solid Trading said: The fact that a market platform such as SolidFX has joined the TNS on-net community is further vindication of the long standing relationship Rabobank has with TNS. Rabobank benefits from the high quality of service offered by TNS as a global provider in the data communications space.
John Owens, Vice President of Exchanges and ECNs, said: Strategic partnerships with next generation ECNs, like Solid FX, provide us great opportunities to work with different types of trading platforms. Customers of Solid Trading will be able to connect to new trading venues through TNS in as little as 3 days allowing them to maximize trading opportunities and convert to production very quickly to begin critical trading. TNS will continue to expand its global financial community through the addition of next generation market participants.
TNS secure trading network represents buy-side and sell-side institutions, market data and software vendors, exchanges and alternative trading venues, via more than 125 points of presence. TNS financial services division enables end-users to connect in over 45 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 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.
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
Fi Khan/Jo Moorwood
Tel: + 44(0)114 292 6458 / 6477
Mobile: + 44(0)7730 207146
firstname.lastname@example.org / email@example.com
Source: Transaction Network ServicesCopyright Business Wire 2012