TNS migrates trading and market data systems to LSEG Data Center
“We have already deployed the equipment, as opposed to those employing a DIY approach with a kit wait-time of up to a year, due to current global supply chain issues.”
Transaction Network Services (TNS) is actively migrating clients’ trading and market data systems from the existing Primary Data Center located in the City of London to the new London Stock Exchange Group (LSEG) Data Center near the Docklands, London, the firm announced.
The firm has been successfully relocating multiple clients after having secured significant infrastructure capacity in the new data center and having added the new site to its expansive portfolio of Layer 1 accessible markets.
The Layer 1 switching solution delivers ultra-low latency mutualized market access and network connectivity.
“We are helping our clients save crucial nanoseconds in the race to execute trades”
Jeff Mezger, Vice President of Product Management for TNS’ Financial Markets business, said: “Relocating to the new LSEG facility with TNS has been seamless for our clients.
“We have already deployed the equipment, as opposed to those employing a DIY approach with a kit wait-time of up to a year, due to current global supply chain issues. We are providing a full suite of low-latency services, including order routing and market data access. In addition to procuring, installing, and management of trading infrastructure, we are helping our clients save crucial nanoseconds in the race to execute trades.”
TNS ensures differentiated services for a diverse range of market participants, from firms that require a partial rack up to global banks that require multiple contiguous cabinets, who can rely on TNS to research, acquire and maintain their exchange connections, data center space and equipment.
The Managed Hosting solution delivers rack-optimized cabling and design utilizing the company’s ultra-low latency Layer 1 technology inside the data center which provides access to execution speeds that are 10 times faster than traditional layer 3 architectures.
TNS Layer 1 does not require multiple switches and delivers connectivity in as little as 5 to 85 nanoseconds, according to the firm’s metrics.
The new LSEG Data Center is now fully integrated onto TNS’ leading global network. The London Stock Exchange Group is home to several capital formation and execution venues including the London Stock Exchange, AIM, Turquoise, CurveGlobal, FXall and Tradeweb, offering customers extensive access to capital markets and liquidity across multiple asset classes.
TNS launched standardized Dedicated Server offering as part of Cloud platform
TNS has recently launched a standardized Dedicated Server offering as part of the deployment of its new Cloud platform for financial markets.
Designed for high-performance trading, the product utilizes TNS’ bare metal servers, as well as ultra-low latency trading connectivity through TNS Layer 1.
The TNS Dedicated Server solution was introduced to help standardize performance, improve time to market, and optimize costs while providing low-latency network access, troubleshooting, and support.
The newly launched Dedicated Server features 16 standardized server options that have been optimized for front and middle office trading infrastructure to meet the specific computing needs of clients.
The offering is designed to deliver low latency performance of trading applications. TNS has stated that multiple dedicated server options will be available. TNS’ inventory of servers allows for rapid installation, alleviating supply chain challenges for hardware.
The cost of TNS’ Dedicated Server rental includes a monthly fee with terms as low as one month. This allows the flexibility to pay for server rentals on a month-to-month basis without committing to a long-term contract for a high-end server, the firm explained.
TNS is rolling out its new Cloud platform. The complete suite of hosting solutions will offer a range of dedicated and shared compute options to meet the needs of traders and investors of all types.
The company boasts a 125-strong point-of-presence footprint to bring together over 2,800 financial community endpoints with access to connectivity, colocation, cloud, market data, and VPN solutions within its Infrastructure as a Service (IaaS) portfolio.
