October 6th, 2015
Transaction Network Services (TNS) is strengthening its global markets roster and expanding its relationship with Eris Exchange by entering into a new license agreement to provide market data from the Swap Futures market.
Today’s announcement augments the connectivity services which TNS has been offering since it first connected to Eris Exchange last year.
“TNS now provides traders with a wider choice of connectivity options for accessing Eris Exchange for trading and market information,” said Michael Riddle, Chief Operating Officer at Eris Exchange. “Connecting with TNS last year has enabled Eris to grow its distribution, with TNS’ high-speed, redundant and stable connectivity appealing to a significant number of traders.”
Optimized for electronic trading, TNS’ robust secure network is relied on by the global financial markets for mission-critical connectivity where speed, security and resilience are paramount. TNS brings together an extensive global financial community of more than 1,900 endpoints, including many of the world’s most prominent and influential buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues.
Alex Walker, Executive Vice President and Managing Director of TNS’ Financial Services Division, said: “We are pleased to be partnering with Eris Exchange to improve access to its market data and build on the role we have been playing in helping it to solidify itself as a leading alternative market to OTC swaps. TNS’ on-net customers can set up a new bandwidth based service (BBS) or logical virtual connection (LVC) in a matter of days.”
Eris Exchange is a futures exchange recognized as a designated contract market with the CFTC. It combines the best characteristics of futures and OTC swaps in a cash-settled, capital efficient swap future with current open interest exceeding 174,000 contracts.
TNS enables financial organizations to connect to multiple diverse trading partners across the Americas, Asia and Europe, through one highly secure low latency connection. Its services are supported by 24x7x365 monitoring and helpdesk support.