The global trading landscape is booming. In 2023 alone, equity options volume surged by a staggering 98%, with open interest in options rising 18% to 955 million contracts. The increased popularity of options trading can be attributed to factors such as advancements in network connectivity, broader financial market developments such as the rise of cryptocurrencies and artificial intelligence, and innovations in technology infrastructure.
The need for speed and reliability is pushing the industry to create new marketplaces with faster connections and more robust systems. To keep up with these demands, traders must embrace the industry-specific, custom-built connectivity and networking solutions that a trusted and proven managed service provider can offer.
This is where TNS comes in. We eliminate complexity by offering access to all US equity options exchanges through a single, reliable network. TNS boasts one of the fastest commercially available fiber networks in the New York metro area.
Our dedicated operations teams ensure network optimization through a blend of high capacity, ultra-low latency, and maximum uptime delivered via fully diverse circuits. Dark fiber connectivity gives traders ultra-high-speed access to real-time, full depth of book, raw market data feeds.
TNS has provided connectivity and market data support for Members Exchange (MEMX) Options since its inception in September 2023. This connectivity is facilitated through the Equinix NY4 data center in Secaucus, N.J., where the MEMX Options matching engine is located.
What does this mean for institutional traders?
1. Comprehensive Market Access
With the addition of MEMX Options, traders can now enjoy even broader market coverage, enabling them to trade across all 17 US equity options exchanges.
2. Enhanced Market Data Services
With access to MEMX Options’ market data, institutional traders can make informed decisions based on real-time information, helping to gain a competitive edge in the market.
3. Reliable Infrastructure
With a global presence and 24x7x365 monitoring by TNS’ Network Operations Centers, customers can rely on TNS for secure, stable, and resilient connectivity.
4. Streamlined Operations
A managed service approach that streamlines the process for customers, providing a hassle-free experience by taking care of everything from connectivity to market data support, enabling institutional traders to concentrate on their core activities.
TNS customers can access the following US equity options exchanges:
- BOX
- CBOE
- CBOE BZX Options
- CBOE C1
- CBOE C2
- CBOE EDGX Options
- MEMX Options
- MIAX
- MIAX
- MIAX Emerald
- MIAX Peral
- Nasdaq
- Nasdaq BX Options
- Nasdaq GEMX
- Nasdaq ISE
- Nasdaq MRX
- Nasdaq Options Market
- Nasdaq PHLX
- NYSE
- NYSE American Options
- NYSE Arca Options
- OPRA
With TNS, traders can confidently and efficiently navigate the US equity options market. For more information, visit tnsi.com/solutions/financial/.
Jeff Mezger is Vice President of Product Management at TNS with responsibility for its managed services for the financial industry. He oversees product development and strategy for market data, online and data center services.
