TNS connects to Tel Aviv Stock Exchange (TASE) as market data vendor

Rick Steves

“This latest exchange connection allows TNS to provide access to approved recipients, including exchange members and market data vendors. This project includes market data for TASE’s equities and increases the number of market data feeds we now offer globally.”

tel aviv

Transaction Network Services (TNS) has connected to Tel Aviv Stock Exchange (TASE) as a market data vendor, the infrastructure provider announced.

Order routing and market data connectivity to the TASE matching engine in Tel Aviv will allow TNS’ customers to capitalize on trading activities in this growing market and Israel’s sole exchange.

According to the announcement, TNS can deliver TASE market data globally via a high-availability backbone with minimal network latency, thus enabling clients to access TASE alongside the already established European, US and Asia Pacific exchange connectivity.

Access to exchange members, market data vendors, and more

Jeff Mezger, TNS’ Vice President of Product Management, Financial Markets, said: “This latest exchange connection allows TNS to provide access to approved recipients, including exchange members and market data vendors. This project includes market data for TASE’s equities and increases the number of market data feeds we now offer globally.”

TASE is the listing exchange for Israeli companies, including The TA-35, the main stock index consisting of 35 Israeli companies. TASE is also home to a derivatives market including equity index derivatives (such as TA-35 index futures), FX derivatives and equity options. In 2021, daily turnover on TASE for equities was US$581 million, up from $540 million in 2020.

TNS’ offering delivers lower overall costs compared to a DIY approach, thanks to TNS’ mutualized exchange connections and status as a registered data vendor with TASE. This allows trading firms to focus on their core business instead of diverting the attention of internal resources to maintain an extensive, specialized infrastructure.

TNS brings together over 2,800 financial community endpoints, supported by a global, 125-strong point-of-presence footprint. Specifically designed and engineered to address the needs of financial market participants worldwide, TNS offers a range of connectivity, colocation, cloud, market data and VPN solutions within its Infrastructure as a Service (IaaS) portfolio. Its solutions are monitored 24x7x365 by TNS’ Network Operations Centers in the US, UK, Australia, and Malaysia. For further information visit tnsfinancial.com.

Read this next

Inside View

Broadridge report finds 27% of firms’ overall IT budget goes to digital transformation

“A new chapter in digital transformation is emerging. In our work with clients across the financial services industry we see leading firms are already reaping the benefits from digitalization and the use of technologies such as AI and blockchain/DLT, as they adapt to economic headwinds and new competitive dynamics”

Executive Moves

Ripple announces Monica Long as President

“I’m incredibly honored to take on the role of President at Ripple as we expand deeper into crypto-enabled services like liquidity, settlement and custody.”

Executive Moves

Arabesque AI appoints Carolina Minio Paluello as CEO

“Arabesque AI is uniquely positioned to service the asset management industry’s need to meet the growing market demand for hyper customised portfolios.”

Industry News

SEC Commissioner Mark T. Uyeda says standardized ESG measures are doomed to fail

“Because ESG ratings may be divorced from matters of financial materiality, they can reflect a particular political or social agenda.”

Industry News

Worldline launches digital payments suite in India

“Our low-cost innovative offering SoftPOS will empower SMBs in a big way to accept digital payments affordably.”

Technology

cTrader Web 4.5 Presents Guest Mode, Multiple Charting and Copy Improvements

Spotware has announced the release of its cTrader Web version 4.5, which comes with a whole range of features and improvements for all cTrader users.

Technology

SteelEye suggests integrated surveillance as Morgan Stanley fines employees over WhatsApp

“The use of integrated surveillance means firms can avoid unwanted regulatory attention by enabling them to self-report and self-remedy more efficiently when malpractice is flagged.”

Industry News

ASIC bans Gregory William Finerty for unlicensed FX algo trading bot

Bradford AI leased an algorithmic trading program known as ‘Robot 1’ to trade on the FX market, using an Australia-based over the counter contracts for difference (CFD) broker.

Opinion

With the recent changes to St Vincent licensing, what will the future trends be for licensing in 2023?

New St. Vincent and the Grenadines regulations came as somewhat of a shock for those brokerages that are only regulated in SVG

<