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TNS Partners with TRAFiX to Enhance Order Execution and Routing Management Systems in Canada

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Transaction Network Services (TNS), the infrastructure, connectivity, market data and analytic services provider, has announced a strategic partnership with trading and connectivity solutions provider TRAFiX. The collaboration aims to expand TRAFiX’s order execution and routing management systems on TNS’ Dedicated Server across Canadian financial exchanges.

TRAFiX will operate out of the Equinix TR2 Data Center in Toronto, leveraging TNS’ full-stack Dedicated Server offering to optimise its custom hardware and trading connectivity requirements. Additionally, TRAFiX will utilise TNS’ recently launched Cloud Server Management Suite, which streamlines operating system installation, configuration, patching, monitoring, troubleshooting, and access management.

Highlighting the benefits of the partnership, Greg Perry, COO of TRAFiX, commented, “The TNS bare-metal server inventory allows TRAFiX to efficiently scale and support our customers’ order management systems, execution management systems, and Financial Information eXchange (FIX) routing capabilities in Canada and around the world.” Perry added that the collaboration with TNS reinforces TRAFiX’s commitment to the Canadian capital markets industry and paves the way for expanding TRAFiX’s broad solution portfolio.

Walter Fitzgerald, CEO of TRAFiX, added, “This investment and installation of TNS Dedicated Server demonstrates our commitment to provide the best available technology infrastructure to support our customers today and into the future in Canada.”

TNS’ Dedicated Server provides TRAFiX with access to nine standardized server options optimized for front and middle office trading infrastructure. These options cater to the specific computing needs of TRAFiX and its clients. Designed for low latency performance of trading applications, TNS’ server inventory and cloud-managed data centre services facilitate rapid installation and address hardware supply chain and server management challenges for TRAFiX.

“In response to our clients’ diminishing provider options in the market, we’ve significantly increased their return on outsourcing investment with full-stack server management,” said Rick Gilbody, TNS’ Head of North American Sales for its Financial Markets business. “By integrating infrastructure procurement, deployment, configuration and management, we can help our customers simplify operations, and rapidly increase their go-to-market opportunities.”

TNS’ collaboration with TRAFiX represents the accelerating rollout of TNS’ bare metal colocation services and the company’s new TNS Cloud platform. The complete suite of hosting solutions aims to provide a wide range of dedicated and shared compute options to meet the needs of all trading operations and investment sectors.

Gilbody concluded, “The accelerated volume and low latency trading traffic that TNS can generate out of the TR2 data center will immediately allow us to gain more access and increase trading efficiencies for our mutual clients. This strategic approach to colocation hosting is a significant milestone in expanding the ultra-low latency trading footprint for Canadian financial markets and connectivity to the greater global exchange community.”

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