Transaction Network Services (TNS) has added a new managed
hosting co-location and connectivity service in Frankfurt’s FR2 data centre.
TNS says the solution, which launched in a select list of
markets last year, aims to reduce the complexity of remote data space and
connectivity requirements and provide a lower cost alternative to financial
market participants managing this infrastructure themselves.
“We are helping financial market participants efficiently
and effectively expand their operations into new venues and countries,” says Alex
Walker, executive vice president and managing director of TNS’ Financial
Services Division. “Frankfurt is a major financial hub which is attracting
growing levels of investment and our service facilitates faster market entry
and the flexibility to grow as our clients’ needs evolve.
“Our clients are not buying an off the shelf product but
rather a dedicated service, including server hardware built to specific client
requirements, that offers them a potential competitive advantage,” he continues.
“In addition to removing the burden of maintaining multiple vendor
relationships, set up costs are minimal which is especially important for
smaller organizations who may find the cost of new market entry prohibitive.”