19.11.2007 13:48:00
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ICF Systems Switches Connectivity to TNS
One of Germany’s leading full service IT
providers for exchange and finance businesses, ICF Systems, has enhanced
its services to clients with fast, secure and reliable trading
connectivity provided by Transaction Network Services’
extensive global IP network, its Secure Trading Extranet.
Transaction Network Services, Inc. (NYSE:TNS) is working with ICF
Systems to outsource connectivity and give customers using its IT
systems a single scalable, fully-managed connection, where previously
several leased lines may have been required. This single connection will
enable firms to access multiple services, such as trading, market data
and trading applications.
ICF Systems’ customized solutions are used by
banks, securities traders and financial institutions across Germany and
the Netherlands. The company specialises in trading, information and
reporting systems, with links to numerous local and international
exchanges, including Xetra, Xontro, Eurex, and Euronext Cash/Liffe,
among others. ICF Systems also operates the full infrastructure for the
Bavarian stock exchange in Munich.
Marcus Bingel, CEO of ICF Systems, said: "Our
decision to select the TNS system is part of a national project devised
to promote growth and extend our reach by offering customers unrivalled
coverage.
"Providing connectivity with exchanges is a
key focus of our business and TNS’ impressive
roster of these vital market participants was a major factor in our
decision to switch to TNS’ Secure Trading
Extranet.
"One simple connection is all our customers
will need to be able to access an extensive community of interest. We
can also reciprocate the benefits by offering those organizations on TNS’
network access to our IT solutions.”
ICF Systems provides a full service offering for all major exchange
systems including consulting, contracting, hardware supply,
connectivity, desktop management and support.
Alex Walker, Senior Vice President of Global Sales for TNS’
Financial Services Division, said: "We’re
delighted to be working with ICF Systems and providing its customers
with fully managed, scalable connectivity.
"In addition to offering ICF more
cost-effective and secure connections, we can support new relationships
with any other endpoint on the network. This includes exchanges in the
United States, Canada, United Kingdom, Poland, Greece, Singapore and
Thailand.”
Established in 1998, and with an annual turnover of more than €40
million (£27 million), ICF Systems will also
be using TNS’ Wide Area Network service to
share information internally, between its data centres in Frankfurt and
customers in Bremen, Oldenburg, Dusseldorf and Bad Vilbel.
TNS’ Secure Trading Extranet connects over
1,000 financial community end-points, representing more than 550 buy and
sell-side institutions, market data and software vendors, exchanges and
alternative trading venues. It boasts over 100 points of presence and
provides services to 29 countries across America, Europe and the Asia
Pacific region, with its reach extending to many more.
Financial institutions using TNS’ network can
access a variety of mission critical trade-related messages, data and
applications which support order routing, trade executions, direct
market access and algorithmic trading.
For further information about TNS log onto www.tnsfinancial.com About Transaction Network Services
Transaction Network Services (TNS) is an international communications
company that enables payments, money and voices to move around the world.
TNS’ mission is to enable the world to
transact. It does this through a broad range of networking,
communications and value added services, which it provides to many of
the world’s leading retailers,
banks/processors, telecommunications companies and financial markets.
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. Today, TNS has 32 offices across 29
countries with the ability to provide services in other countries.
For further information about TNS, visit www.tnsi.com
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
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