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TNS Implements Cloud-Based Trading Infrastructure Solution for Coinbase Derivatives Exchange

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Transaction Network Services (TNS), provider of mission-critical infrastructure, connectivity, market data and analytic services for the Financial Markets community, has announced the deployment of a cloud-based financial trading infrastructure solution for the Coinbase Derivatives Exchange (CDE), bolstering the regulated futures exchange with improved network access and stability. The deployed solution features TNS’s recently unveiled Dedicated Server offering, designed to provide low latency trading execution, enhance storage capabilities, and process large data sets required due to CDE’s rapid growth and adoption.

The TNS hardware solution, collocated in Secaucus, NJ and Aurora, IL, is set to strengthen the Coinbase Derivatives Exchange infrastructure. CDE will also connect to the TNS network, offering direct low latency access to CDE through any TNS data centre globally and providing access to TNS’s extensive financial community of over 2,800 endpoints.

Commenting on the deployment, Tom Lazenga, General Manager of TNS’ Financial Markets business, said: “We’re pleased to add the Coinbase Derivatives Exchange to our robust exchange community. Our institutional customers can now access crypto futures markets with resilient, high-performance connectivity.”

The dedicated hardware, hosting, and switching compute system was staged in the Equinix NY6 data centre before being deployed into the current production CDE sites in Secaucus and Aurora. TNS procured and deployed the systems during a period of high demand for network hardware and lengthy lead times, collaborating with CDE and their network team. TNS’s Cloud platform, including the Dedicated Server offering, enables rapid installation, easing supply chain challenges.

Boris Ilyevsky, Coinbase Derivatives Exchange’s CEO, said: “TNS helps us deliver a resilient product that traders and investors can trust. Crypto has witnessed both volatile and liquid markets and with institutional adoption remaining strong, we believe the time is right for the offering that TNS brings to the table. Dedicated cloud infrastructure connectivity coupled with our derivatives exchange represents a mission-critical step toward supporting and maintaining a vibrant and reliable crypto derivatives market.”

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