Transaction Network Services (TNS), the value-added network vendor that competes with Radianz, has secured a three-year contract from the Warsaw Stock Exchange to transport data between the exchange and its members using TNS’s Secure Trading Extranet.
TNS says the contract will allow traders, and especially remote exchange members, to connect to the Warsaw Stock Exchange quickly and easily. To support the contract, TNS has established an operations base in Poland.
“The TNS network provides a secure and reliable connection which offers benefits to all of our members,” says Wieslaw Rozlucki, President of the Warsaw Stock Exchange. “t can be accessed by members using various applications, irrespective of whether they are based on the Financial Information eXchange (FIX) protocol. With the installation of the TNS network, we are offering members flexibility to communicate quickly with any participating trading partner. It is our belief that this solution, among others, will make the Polish market an even more effective and liquid trading environment, foster further development of the Exchange itself and bring WSE new members and investors from Europe.”
Rainer Zettl, managing director, TNS (Germany), says the deal reflects the confidence of Central and Eastern Europe’s largest stock exchange in the quality and reliability of the TNS network.
“Increasingly customers are choosing TNS’ Secure Trading Extranet to achieve counterpart connectivity,” he says. “This is established within three days and once established gives lower communications costs, faster message delivery and reduced operational risk through fault tolerant and secure infrastructure.”
Franz Bader, vice president, TNS (Central and Eastern Europe) describes Poland as the first of many new territories in which the company aims to establish “points-of-presence.” “Central and Eastern Europe has seen a number of changes in recent years and we have set up a dedicated team to focus on this market,” he says. “Our new points-of-presence combined with our secure network and operating base in Poland will act as a springboard from which to grow business within Central and Eastern Europe and with other exchanges on the Continent.”
As part of TNS’ expansion into Central and Eastern Europe, it has established two diverse points-of-presence in Warsaw which will provide fully fault tolerant and redundant connectivity for TNS’s clients, including the Warsaw Stock Exchange. These hubs will allow customers to link to TNS’ Secure Trading Extranet and route transactions across the TNS network.
TNS claims for its Secure Trading Extranet more than 1,000 connected end-points that enable participants to submit indications of interest (IOIs), route orders, execute trades, access trading applications, exchanges and ECNs, andPerform other FIX and non FIX-based transactions. The company currently operates a network with 96 points of presence across the North America, Europe and Asia-Pacific.