Transaction Network Services (TNS) has extended its managed hosting, colocation and connectivity service to New York and Chicago, where it will offer services out of the Secaucus campus and Chicago CH4 data centres.
The US offer follows the introduction of the company’s solution in Europe and Asia, where it provides efficient and cost-effective managed hosting in remote data centre locations on behalf of financial market participants and providers. The service aims to support the benefits of proximity colocation, such as ultra-low latency exchange access and client cross connects, without the high cost and complexity of researching, procuring, installing and managing trading infrastructure.
Tom Lazenga, vice president of sales for TNS’ financial services division, says: “The TNS managed hosting, colocation and connectivity service is designed so clients can speed up market entry as well as have the flexibility to test new markets as required. The solution also allows firms to scale operations when needed without significant internal resource or capital commitment.”
The incidents of the TNS solution in New York and Chicago will provide trading firms with access to hundreds of markets, alternative trading venues, public and private cloud services, and other financial market participants. The company has already connected to virtually all the markets at both locations – including FX venues such as Hotspot and Currenex, and markets including IEX and CBOE-Bats – and started service delivery for clients.
As well as data centre facilities, server hosting, and connections to a managed low latency data centre network, the service provides access to over 2,000 members of TNS’ extranet financial community of interest that spans the Americas, Europe and Asia Pacific.