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Transaction Network Services (TNS) has launches services in the Equinix ZH4 colocation data center in Zurich to enable managed hosting and ultra-low latency Layer 1 exchange connectivity to SIX Swiss Exchange.
This latest deployment is part of TNS’ ongoing European expansion, which already includes colocation services within BME, CBOE Europe, Deutsche Boerse, Euronext, LME, Nasdaq Nordic and LSE data centers.
As both a registered data vendor and application service provider with SIX, TNS offers its solutions at a lower overall cost compared to a DIY approach, allowing trading firms to focus on their core business, rather than needing to divert internal resources to maintain extensive, specialized, complex infrastructures.
Access to Swiss equities and derivatives markets
The Equinix ZH4 colocation data center, centrally located on Josefstrasse, marks TNS’ latest European expansion by providing direct access to the Swiss banking district, facilitating interconnection between partners and customers.
The move helps strengthen TNS’ presence in key European financial hubs, complementing its colocation services in London, Frankfurt, and other major exchanges.
Market data vendors and exchange members will be able to access Swiss equities and derivatives markets for both market data and order entry.
“Engineered to minimize network latency and maximize resiliency and uptime”
Jeff Mezger, Vice President of Product Management, Financial Markets at TNS, said: “We are delighted to add this latest exchange solution to further enhance our European exchange connectivity and managed hosting capabilities. Our focus remains on delivering market data globally, via our low latency backbone specifically engineered to minimize network latency and maximize resiliency and uptime.”
Santiago Ximenez, Head Colocation and Market Access, SIX, said: “Adding our colocation in Switzerland to the TNS European network means that their customers can benefit from direct access to SIX Swiss Exchange, a key financial hub with over 60,000 Equities, Bonds and Exchange Traded Funds, as well as over 250 crypto products that give access to 20 cryptocurrencies.”
TNS Launched Data Usage Optimizer (DUO)
TNS recently launched called Data Usage Optimizer (DUO), a new data usage optimization product designed to help buy-side and sell-side firms streamline market data costs. DUO generates actionable market data usage reports identifying where subscription fees can be reduced by pinpointing unused data feeds.
The solution combines TNS’ market data monitoring services with its extensive network infrastructure capabilities to allow institutions to see which employees have not used specific data feeds recently, providing the opportunity to reduce unnecessary subscription costs by turning off access for these individuals.
DUO enhances the recently launched TNS Market Data as a Service, a solution that provides agnostic market data application managed infrastructure, hosting, and feed support services. Specifically designed and engineered to address the needs of financial market participants worldwide, TNS offers a range of connectivity, colocation, cloud, market data, and VPN solutions within its Infrastructure-as-a-Service (IaaS) portfolio. This includes TNS Market Data Services, the only vendor-agnostic turnkey solution for global market data.
