Transaction Network Services (TNS) is now directly connected to the Johannesburg Stock Exchange (JSE) from within the JSE colocation facility, providing managed hosting services, Layer 1 order routing and market data connectivity.
TNS will serve as a vendor of record for South Africa’s principal stock exchange, offering JSE market data and order entry access to key equities and derivatives markets in Europe and the US.
“We are able to deliver market data to any location globally via our high availability backbone, minimizing network latency and packet loss,” said Jeff Mezger, TNS’ Vice President of Product Management.
“Combining JSE colocation with TNS’ low latency network enables our clients to directly access this additional equities and derivatives market, alongside the comprehensive European and US exchange connectivity we already provide. Our offering provides lower overall costs compared to a DIY approach, thanks to the TNS’ mutualized exchange connections and our status as a registered data vendor with the exchange. This allows trading firms to focus on their core business instead of diverting the attention of internal resources to maintain an extensive infrastructure.”
JSE operates the main equities and derivatives markets in South Africa and is the listing exchange for multinational companies such as Glencore, British American Tobacco, Investec and Vodacom Group. These companies and others make up the FTSE/JSE Top 40, the leading stock index in South Africa. In addition to the equities market, JSE operates a derivatives exchange offering equity index futures, currency futures, interest rate futures and commodity derivatives.
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.
About Transaction Network Services (TNS)
Founded in 1990, and with headquarters across USA, Europe and Asia, TNS is a leading provider of mission-critical infrastructure, connectivity, market data and analytic services for the Financial Markets community. Delivered as a fully managed Infrastructure-as-a-Service offering, TNS provides an unrivalled global mission-critical footprint that significantly reduces the burdens, complexities and costs attributed to firms ‘going direct’. Through its ultra-low latency connectivity, its global market data offerings and its dedicated 24x7x365 local support, TNS remains the trusted solution provider to more than 750 counterparties globally.