Transaction Network Services (TNS) has connected to the Tokyo Financial Exchange (TFX), offering its customers high-frequency traders (HFTs) direct access to the derivative exchange.
Yet the Japanese buy side is keen to limit HFTs’ control over the markets, with the group holding a significantly greater proportion of lit equity market volume than European counterparts.
TNS declined to comment on this issue.
READ MORE: Japanese buyside traders seek defence against HFT
TNS is already connected to Japannext and the Japan Exchange Group (JPX), which includes the Tokyo Stock Exchange (TSE), Osaka Exchange (OSE), and Tokyo Commodity Exchange (TOCOM).
Jeff Mezger, TNS vice president of product management, commented, “One of our key priorities is strengthening TNS’ presence and partnerships across Asia. Japan is a key hub for regional and global trading activity, and our connection to TFX reinforces TNS’ long-term commitment to supporting customers’ success in these dynamic markets.”
For TFX, the connection could attract more global market participants, director of the exchange’s wholesale business department noted.
“One of our key priorities is strengthening TNS’ presence and partnerships across Asia,” Mezger added.
Earlier this year, TNS built out its European presence with an expansion of its managed hosting services.
