Transaction Network Services (TNS) has announced the acquisition of Chicago-based trading technology provider NetXpress, in a strategic move that augments its financial services portfolio with ultra-low latency exchange connectivity at 11 key global locations across North America, Europe, and Asia, the company said.
Founded in 2016 by industry experts Scott Feagans and Moshe Siegel, NetXpress provides colocation, data center services, exchange and WAN connectivity globally. The NetXpress low latency architecture employs a unique ULL, Layer1 distribution technology to achieve the lowest latency profile available via a service provider.
Optimized for electronic trading, TNS´ robust secure network is relied on by the global financial markets for mission-critical connectivity to multiple diverse trading partners. Many of the world´s most prominent and influential buy- and sell-side institutions, market data and software vendors, exchanges and alternative trading venues have selected TNS´ network. Resilient connectivity is assured by there being no single point of failure across the TNS core network and by connected firms choosing from a variety of physical connections.
TNS´ multi-asset class connectivity platform supports market data, FIX connectivity and all trading protocols. TNS´ services are supported by 24x7x365 monitoring and helpdesk support. TNS´ team have been actively involved in the FIX Trading Community for many years and regularly participate in industry events and serve on working group committees.
Transaction Network Services (TNS) is a global provider of data communications and interoperability solutions. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods. To find out more visit www.tnsfinancial.com.
The founders of NetXpress first met in the early 2000s as pioneers in the managed service provider space during the electronic trading movement. The team stayed together through the years and built out the NetXpress financial trading network in 2016.