Transaction Network Services (TNS) is expanding its managed hosting, co-location and connectivity service to New York and Chicago.
TNS’s new solution, already launched in Europe and Asia, is aimed at low latency trading firms looking to access key equity, derivatives and FX markets.
The service is designed to allow these firms to enjoy the benefits of proximity co-location, such as ultra low latency exchange access and client cross connects, without the high cost and complexity of researching, procuring, installing and managing trading infrastructure themselves.
Tom Lazenga, vice president of sales for TNS’s financial services division, says: “New York and Chicago are two of the world’s most important financial centres and we are delighted to be helping our community by establishing a facility which allows firms to capitalise on the opportunities that proximity and low latency trading presents in these centres. Managing third party data centre hosted facilities can present a significant problem for organisations challenged with resource, know-how and capital constraints.”
TNS’s managed hosting, co-location and connectivity service will be available in the Secaucus campus and Chicago CH4 data centres. From these locations, trading firms have access to hundreds of markets, alternative trading venues, public and private cloud services and other financial market participants.
Lazenga comments: “These sites offer many great trading opportunities, including FX venues such as Hotspot and Currenex, and key markets like IEX and Cboe-Bats. We are connected to virtually all the markets in both sites and have already commenced service delivery for a number of parties. We look forward to helping these and other organisations to secure their presence in New York and Chicago.”