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TNS to Offer Managed Layer 1 Market Access at Bergamo IT3 for Euronext Move

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Connectivity specialist TNS is expanding its managed hosting solution to the Aruba Global Datacentre IT3 in Bergamo, Italy, in preparation for Euronext’s migration of its primary matching engine from ICE’s facility in Basildon, UK, in the second quarter of next year.

As with TNS’s other global colocation sites, TNS will leverage its Layer 1 switching solution to deliver ultra-low latency mutualised market access to its clients. The company will offer a full suite of low latency services at IT3, including order routing, market data access, and the procuring, installing and management of trading infrastructure, enabling existing clients to seamlessly move their trading operations from Basildon to Bergamo.

“This is also a great opportunity for firms currently co-located in Basildon to move to a Layer 1 connection in Bergamo, and capitalise on the ultra-low latency that provides”, says Alastair Watson, Managing Director, Financial Services at TNS.  “TNS can take care of the whole set up for firms that require a fully managed solution,” he says. “Equally, we can provide a subset of services if that’s what clients want, for example procuring the necessary equipment and amortising it over a period of time”.

TNS’s Managed Hosting solution will utilise the company’s ultra-low latency Layer 1 technology inside the IT3 datacentre. This technology enables firms to access execution speeds that are 10 times faster than traditional Layer 3 architectures, according to the company.

“For firms looking to improve how they interact with liquidity, TNS is differentiated from other managed service providers because of our expertise in Layer 1 architecture, and how we deliver that effectively in a mutualised way” says Watson. “So if firms do decide to go down the Layer 1 route, they can have confidence in the TNS solution, which is long established and has been delivering competitive advantages for TNS clients in all other colocation sites.”

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