SINGAPORE--(BUSINESS WIRE)--Financial information provider SIX Telekurs and Transaction Network Services (NYSE:TNS), a global data connectivity provider, are intensifying their collaboration to source real time market data from high growth financial centres in Asia.
TNS will host communications between market data sources in Asia and SIX Telekurs’ regional data centre in Singapore. Significant among the data sources are stock exchanges in Thailand and Taiwan as well as the Shanghai and Shenzhen exchange. Global market participants will benefit from the added reliability and market cover made possible by this new phase of the collaboration.
"TNS have helped us ensure interoperability across critical networks in Asia," explained Paul Bollhalder, Managing Director, SIX Telekurs Asia Pacific - ex Japan. The enhanced collaboration enables the delivery of real time pricing and orderbook data. "We have been able to extend our geographical reach significantly, and cost effectively, while at the same time improving service levels," continued Bollhalder.
TNS’ network connects an extensive community of interest and takes market data feeds from most Asian countries, including Korea, India, Taiwan, Hong Kong, Singapore, China, Thailand, Pakistan, Sri Lanka, Vietnam, the Philippines and Indonesia, among others. On net connections can be established in as little as three days and the service is actively managed and monitored 24x7x365.
Alan Schwartz, President of TNS’ Financial Services Division, said: “We are delighted that a vendor with such an impressive global footprint as SIX Telekurs has chosen to partner with TNS to deliver financial information, including real time market data from exchanges in Asia, to their clients. We have made extensive investments in our network since first entering the Asian market more than a decade ago and this agreement affirms the industry’s belief that we are firmly one of the leading specialists in the region.”
TNS’ network connects over 1,700 financial community end-points, representing buy-side and sell-side institutions, market data and software vendors, exchanges and alternative trading venues, via more than 115 points of presence. TNS provides services in over 60 countries across America, Europe and the Asia Pacific region, with its reach extending to many more.
For more information about TNS visit www.tnsfinancial.com.
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About Transaction Network Services
Transaction Network Services (TNS) is a leading global provider of data communications and interoperability solutions.
TNS offers a broad range of networks and innovative value-added services which enable transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets.
Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 60 countries across the Americas, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods.
For further information about TNS, visit www.tnsi.com. ‘One Connection, A World of Opportunities’
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About SIX Telekurs
As a leader in its field, SIX Telekurs specializes in procuring, processing and distributing international financial information. Financial market specialists at SIX Telekurs gather information from all the world’s major trading venues – directly and in real time. The SIX Telekurs database, with its structured and encoded securities administration data for more than 7 million financial instruments, is unique in terms of the depth of information it provides and its data coverage. With offices in 23 countries, SIX Telekurs combines the advantages of global presence and local know-how.
SIX Telekurs is a SIX Group company. On a global scale, SIX Group offers first-rate services in the areas of securities trading, clearing and settlement, as well as financial market information and payment transactions.
Further information is available at: www.six-telekurs.com