Transaction Network Services (TNS), Inc., a network and data communications provider for transaction-oriented applications, has been appointed to AKJ Group for an arrangement with TNS’ Secure Trading Extranet(tm).
Using TNS’ Secure Trading Extranet, AKJ will connect clients to its order routing systems and integrated electronic trading service–the AKJ ExNet. Linking software houses with clients and financial institutions with brokerages, AKJ ExNet provides access via equities, derivatives and Forex to more than 50 global exchanges including NASDAQ, NYSE, Euronext and LSE through a single point of contact.
AKJ will ally itself with TNS’ Secure Trading Extranet for the ExNet service. Partnering with TNS, AKJ can connect institutions already on the Extranet to ExNet within three days. As it is a dedicated, private network, transaction volumes are proactively monitored by TNS to make sure that AKJ has enough capacity to ensure high-speed transmission.
“This strategic alliance draws on synergies between the two companies,” Anders Kvamme Jensen, chairman of AKJ, says. “We chose to work with TNS as a trusted provider of services to the securities trading market, with a network that links one of the largest financial communities in the world.”