26.09.2007 11:50:00
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TNS Connects to Singapore Securities Markets
Transaction Network Services, Inc. (NYSE:TNS), financial connectivity
provider, is pleased to announce its connection to the Singapore Stock
Exchange (SGX) securities platform for the distribution of SGX market
data information to the global marketplace.
A fully managed connection to TNS’ Secure
Trading Extranet will enable SGX’s global
customers to receive market data both in securities and derivatives
markets, and allow seamless connectivity for major financial
institutions based outside the country’s
boundaries. To date, access to SGX’s market
data has been limited to a few major network providers and direct
connections from its customers.
Lai Kok Leong, Vice President, Head of Data Services at SGX said: "Our
overseas customers demand low latency and high speed connectivity to SGX
to meet market data and trading requirements. Having TNS as one of our
international network providers is in line with our business objective
to provide faster inbound electronic access to the marketplace. It also
gives SGX and its market participants an additional avenue to extend
market data distribution and transaction services outside Asia.
Coupled with the impending launch of SGX new derivatives market data
engine, we are poised to offer international customers a
state-of-the-art, high capacity market data system with superior
performance benchmarks and very low latency international connectivity.”
The connection to TNS’ Secure Trading Extranet
will allow SGX’s members and customers great
choice, more cost effective connectivity and rapid speed to market, all
within a fully managed environment.
Alan Schwartz, executive vice president and general manager of TNS’
Financial Services Division, said: "We’re
delighted to be helping SGX expand and establish links with the global
trading community. This reflects the rapid growth of the Asian market
place as a whole and increasing demand in the region for TNS’
fast, secure, cost effective and fully managed data connectivity
services.”
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. Its boasts over 100 points of presence and
provides services to customers in 29 countries across America, Europe
and the Asia Pacific region, with its reach extending to many more.
For further information about TNS log on to www.tnsifinancial.com About TNS
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, please visit www.tnsi.com.
Singapore Exchange Limited
Singapore Exchange Limited (SGX) is Asia-Pacific's first demutualised
and integrated securities and derivatives exchange.
SGX was inaugurated on 1 December 1999, following the merger of two
established and well-respected financial institutions - the Stock
Exchange of Singapore (SES) and the Singapore International Monetary
Exchange (SIMEX).
On 23 November 2000, SGX became the first exchange in Asia Pacific to be
listed via a public offer and a private placement. Listed on its own
bourse, the SGX stock is a component of benchmark indices such as the
MSCI Singapore Free Index and the Straits Times Index.
For more information, please visit SGX website: www.sgx.com
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