CF Global Trading Turns to TNS for Secure Trading Intranet

    Business Editors/Technology Writers

    RESTON, Va.--(BUSINESS WIRE)--May 9, 2005--Transaction Network Services (TNS) (NYSE:TNS) today announced the launch of its wide area network (WAN) services in a new contract with London-based international brokerage firm CF Global Trading.
    The deal will see TNS provide connectivity between CF Global Trading's three offices in London, Hong Kong and New York via its IP network. In a move to combine its IT onto an IP-based platform, the new WAN will support the firm's trading infrastructure, including email traffic.
    CF Global Trading, which provides an outsourced trading desk service for hedge funds, was established in 2000 and now employs more than 20 people worldwide.
    Already linked to TNS' Secure Trading Extranet, CF Global Trading routinely submits indications-of-interest, executes trades and performs transactions via the fast, secure and reliable network.
    Scott Chace, managing partner at CF Global Trading, explained: "Our experience of TNS in the United States with both FIX connectivity and the Secure Trading Extranet has been extremely positive. By consolidating our systems onto IP and our intra and extranet with TNS we are maximizing efficiencies across our offices and strengthening our global operations."
    Privately owned and dedicated to the financial community, TNS' Secure Trading Extranet is one of the world's largest FIX-enabled financial communities of interest with 960 end-points that provide access to more than 400 global financial institutions. It comprises 96 points-of-presence in 13 countries across North America, Europe, Asia, Australasia and Africa.
    Alex Walker, Vice President, financial markets commented: "We are delighted that CF Global Trading has extended its relationship with TNS by appointing us to provide and manage a new wide area network. For CF Global Trading, like others within the financial community, real time information and an efficient flow of communication is essential to allow quick and informed decisions to be made.
    "In order to cement our position at the forefront of the industry and to meet the changing needs of the financial community, we have extensively reviewed and evaluated the range of services we provide. By deploying TNS' IP network for broader applications such as wide area networks, market data distribution and trader voice services we can help our customers to achieve their goal of seamless straight-through-processing and comply with new regulatory requirements."

    About Transaction Network Services

    Transaction Network Services is one of the leading providers of business-critical, cost-effective data communications services for transaction-oriented applications. TNS provides rapid, reliable and secure transaction delivery platforms to enable transaction authorisation and processing across several vertical markets and trading communities.
    Since its inception in 1990, TNS has designed and implemented multiple data networks, each designed specifically for the transport of transaction-oriented data. TNS' networks support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods. TNS' network technologies have been deployed in the United States and internationally, and TNS' networks have become preferred networks servicing the trading community, wireless and wireline carriers, and the card processing and dial-up automated teller machine markets. For further information about TNS' transaction solutions, please refer to www.tns-international.com.
    The statements and information contained in this press release 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 TNS' 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. TNS disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release.

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CONTACT: Transaction Network Services (TNS) Mike Murphy, 703-453-8550 mmurphy@tnsi.com or Ptarmigan Consultants Jane Humphreys, +44 (0)113 242 1155 janeh@ptarmiganpr.co.uk or Clare McMillan, +44 (0)113 242 1155 clare@ptarmiganpr.co.uk

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