Communication Solutions

Transaction Network Services (News - Alert), an international communications company, has announced that Interactive Data Real-Time Services, has chosen its extensive Secure Trading Extranet to enable fast and secure data distribution to enhance its services to clients.

 

Transaction Network Services enables payments, money and voices to move around the world, and Interactive Data Real-Time Services is an Interactive Data Corporation business, and a global provider of financial market data, analytics and related services to financial institutions, active traders and individual investors.

 

The company will deploy resilient, scalable and fully-managed connectivity offered by Transaction Network Services to carry the market data feeds and additional services to its new and existing clients.

 

Interactive Data supplies real-time market data, time-sensitive pricing, evaluations and reference data for millions of securities traded around the world, including hard-to-value instruments. The company's Real-Time Services business delivers low latency data on more than five million securities from more than 450 sources around the world.

 

Interactive Data also offers PlusFeed, a consolidated, low latency digital datafeed to power the revenue critical market data applications of various banks, brokerages and money management firms in the world.

 

Transaction Network Services (TNS (News - Alert)) helps the world to transact. It offers a broad range of networking, communications and value-added services to many of the world’s leading retailers, banks/processors, telecommunications companies and financial markets.

 

TNS has designed and implemented various data networks, which support a variety of widely-accepted communications protocols and are designed to be scalable and accessible by multiple methods.

 

The company has a network covering more than 1,500 end-points, representing buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues around the world. The network helps financial institutions in accessing a variety of mission critical trade-related messages, data and applications, which support order routing, trade executions, direct market access and algorithmic trading.

 

David Hann, general manager for Europe, the Middle East and Africa (EMEA) at Interactive Data Real-Time Services, said that TNS’ ability to offer fast, secure connections was a major factor in Interactive Data's decision to add TNS to its range of connectivity options.

 

Hann noted that the company's customers currently managing their own connections now have an option to upgrade to TNS which is designed to provide faster transfer of data.