The TNS deployed hardware solution for CDE includes the recently declared TNS Dedicated Server offering that will boost the CDE infrastructure collocated in New Jersey and Aurora, Illinois
Transaction Network Services (TNS) today declared the deployment of a Transaction Network Services cloud-based financial trading infrastructure solution for the Coinbase Derivatives Exchange (CDE). The tie-up backs a considerable boost to the regulated futures exchange.
The Transaction Network Services deployed hardware solution for Coinbase Derivatives Exchange includes the recently declared Transaction Network Services Dedicated Server offering that will boost the CDE infrastructure collocated in Secaucus, New Jersey and Aurora, Illinois. The Transaction Network Services Dedicated Server offering was developed to implement low latency trading execution, enhance storage capacities, and process the large data sets that will be needed because of the quick growth and adoption of the CDE.
Coinbase Derivatives Exchange will also be connecting to the Transaction Network Services network which permits for direct low latency access to Coinbase Derivatives Exchange through any Transaction Network Services data centre across the world and will provide access to Transaction Network Services’ large financial community of over 2,800 endpoints.
We are pleased to add the CDE to our strong exchange community, stated Tom Lazenga, GM of Transaction Network Services’ Financial Markets business. Our institutional customers can now access crypto futures markets with strong, high-performance connectivity.
The dedicated hardware, hosting and switching compute system was staged in the Equinix NY6 data centre and deployed into the existing production Coinbase Derivatives Exchange sites in Secaucus, New Jersey and Aurora, Illinois. Together with Coinbase Derivatives Exchange and their network team, Transaction Network Services procured and deployed the systems at a time of high demand for network hardware and long lead times. Transaction Network Services’ Cloud platform, including the recently declared Dedicated Server offering, permits quick installation, removing supply chain challenges.
Transaction Network Services assists us in delivering a strong product which traders and investors can trust, stated Boris Ilyevsky, CDE, Chief Executive Officer. Crypto has seen volatile as well as liquid markets and with institutional adoption continuing to be resilient, we think the time is correct for the offering that Transaction Network Services brings to the table. Dedicated cloud infrastructure connectivity along with our derivatives exchange represents a mission-critical move toward supporting and maintaining a vibrant and dependable crypto derivatives market.
