Market data normalisation and distribution technology provider Exegy is working with managed data communications and interoperability specialist Transaction Network Services (TNS) to create a global FX trading platform.
The partnership will combine Exegy’s Trade Port FX, which delivers normalised FX market data and execution services, and TNS’ market connectivity and hosting solutions to offer a fully managed and integrated FX trading platform. Those trading on the platform will also gain connectivity to TNS’ wider community, which includes more than 2,100 endpoints globally.
To power the platform, Exegy Trade Port FX will provide single-digit, microsecond normalised FX market data from 44 live venues and order execution through a unified, FX-specific API that leverages hardware accelerated Exegy appliances installed in key colocation centres globally. TNS will host the appliances and provide market connectivity to offer firms the ability to scale their operations.
Carlos Lopez Lansdowne, Exegy sales director in Europe and Asia, says: “TNS’ global presence and reputation for superior customer service coupled with Exegy’s FX market data and order execution solutions will deliver a disruptive new model in the FX industry.”
Commenting on the partnership, Bill Versen, chief product officer at TNS, says: “Using TNS gives firms looking to deploy the Exegy platform a highly available, cost-effective, and reliable option that comes with round-the-clock customer support from our multiple network operating centers globally.”
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