Read time: 7 min

TNS Unveils Encryption Service

Transaction Network Services (TNS) has laucnhed TNS
Encryption Service that allows financial market participants to further protect
the privacy of their trading data.

Alex Walker, executive vice president and managing director
of TNS’ Financial Services Division, says, “We are hearing more and more from
our buy-side customers about their concerns for security and protection,
especially where IP connections are utilised in the FIX trading ecosystem.

“By deploying class leading network encryption, firms can
ensure valuable trading information is kept private during transmission. The
TNS Encryption Service provides an additional layer of security that prevents
unauthorised parties from gaining insider information or obtaining insights to
trading strategies.”

TNS’ Encryption Service can help to achieve industry best
practices and to satisfy regulatory requirements regarding data protection,
privacy and the integrity of sensitive participant and trade data in motion
over private networks, the firm says.

 “The TNS Encryption Service is unique within the
financial markets and can be quickly and easily added for users of the TNS
Secure Trading Extranet or TNS’ dedicated FIX platform, the TNS Secure Trading
Hub,” explains Walker. “In most cases we can get the service operational with
minimal disruption and cost by using existing hardware.”

TNS is providing encryption as a managed service, which
requires minimal resources at the client end and provides a cost effective
solution for a monthly encryption service charge.

Colin Lambert

Share This

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit

Related Posts in