March 10th, 2020
Transaction Network Services (TNS) has enhanced its TNSXpress Market Data solution for the equities and futures markets with a new Layer 1 architecture that can deliver speeds 10 times faster than traditional networks.
Developed by TNS’ in-house technology experts, Layer 1 offers speeds of 5-85 nanoseconds for market data feeds and order entry through a simple, single hop architecture.
“Layer 1 has been purpose built for the demanding needs of the global financial markets,” said Scott Feagans, Vice President of Technology and Strategy for TNS’ Financial Services business. “Layer 1 was conceived as a dedicated tool for high frequency traders and then adapted to provide shared, ultra-low latency, direct market access for multiple clients. Now that we are expanding Layer 1 globally, we expect that equities and futures traders will experience a substantial boost.”
“Accessing market data through the TNSXpress Market Data solution is more cost effective than traders procuring their own connections,” added Jeff Mezger, TNS’ Director of Product Management. “TNS is the first provider to offer Layer 1 technology globally, and with TNS’ extensive connections with the world’s major equities and futures exchanges, we can share exchange access across multiple customers and pass on cost efficiencies gained by leveraging shared connectivity.”
TNS’ global footprint includes points-of-presence located at 55 exchanges around the world. These existing relationships, combined with local staff on the ground, mean TNS can deliver a far quicker time to market.
TNS offers a range of connectivity, hosting, cloud, hub, VPN and other solutions, specifically designed and engineered to address the needs of financial market participants worldwide. Its TNSXpress product suite includes market data, managed hosting and Layer 1 connectivity solutions. TNS connects more than 2,100 financial community endpoints globally.