Telecommunications provider Transaction Network Services (TNS), is pushing its proprietary IP network, the Secure Trading Extranet, in Japan.
“Japan’s financial community is increasingly switching over to electronic trading,” says Ricky Debritto, the sales manager at TNS, Japan. “Trading formats developed within Japan have dominated, but trading with organisations outside the country is best achieved using the FIX Protocol.”
They aim to enable financial institutions using the TNS network to be able to exchange a variety of trade-related messages, including indications of interest, order routing and trade executions.