Transaction Network Services (TNS) has deployed network connectivity across Canada via a series of partnerships with seven exchanges: TradelogiQ, NEO Exchange, Canadian Securities Exchange (CSE), Nasdaq Canada and CBOE MATCHnow, as well as the Toronto Stock Exchange (TSX) and Montreal Exchange (M-X), both part of TMX Group.
All brokers, analysts, traders and investors which are part of the TNS worldwide financial community can now access Canadian markets leveraging TNS’ trading infrastructure services, which include colocation and ultra-low latency Layer 1 connectivity with TMX out of its Markham data center, as well as managed hosting services within Equinix TR2 data center, where the other exchanges are located.
TNS also has added new Canadian data feeds to its portfolio, helping to enable greater efficiencies for market data connectivity and order routing.
“This market launch across Canada connects millions of financial buyers and sellers and brings them up to speed on the world’s first globally deployed, highly reliable, and fast commercial backbone,” said Jeff Mezger, TNS’ vice president of product development for its financial markets business. “TNS is proud to help Canadian financial markets increase uptime and reduce disruption with our single-source solutions suite.”
Canada represents a significant milestone in TNS’ systematic global expansion plans over the last few years. “The deployment of services across these exchanges brings critical mass and momentum to TNS’ interconnected, worldwide trading infrastructure,” said the firm.
The low-latency network connectivity in Canada will allow clients to access all equities and derivatives markets alongside TNS’ established European, APAC and US exchange infrastructure.
TNS provides mutualised exchange connections (‘instructure-as-a-service’), which claims lower overall costs compared to a DIY approach, allowing trading firms to focus on their core business instead of diverting internal resources to maintain traditional (and expensive) self-managed and siloed exchange systems.
The group has been expanding significantly in recent years, extending its presence to 11 Asian countries in 2021 including Hong Kong and Singapore, as well as launching its first managed hosting and colocation access in Madrid through the Bolsas y Mercados Españoles (BME) in May 2022. The Spanish deployment joins Frankfurt, Germany and Bergamo, Italy as the organization’s third managed hosting and colocation venue in mainland Europe, and is the seventh site in Europe for TNS with Basildon, LD4, Interxion and LSE in the UK. Earlier this year, the firm began actively migrating client’s trading and market dayta systems from its existing primary data centre, located in the City of London, to the new London Stock Exchane Group (LSEG) data centre near Docklands in London, offering significantly more infrastructure capacity.
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