TNS offers transparent relocation of commercial companies to Bergamo IT3 | Your money

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LONDON – (BUSINESS WIRE) – October 5, 2021–

Transaction Network Services (TNS) is expanding its managed hosting solution to enable companies wishing to co-locate and directly access Euronext’s stock exchange matching engine to seamlessly move their trading operations from Basildon to Bergamo.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211005005071/en/

TNS offers commercial companies a transparent relocation to Bergamo IT3 (Graphic: Business Wire)

Euronext plans to migrate its main data center and associated colocation services to the IT3 global data center from Aruba in Bergamo, Italy, in the second quarter of 2022, with TNS securing the infrastructure capacity at the new site. As with other TNS global colocation sites, TNS will leverage its Layer 1 switching solution to provide ultra-low latency shared market access while deploying the lowest latency network connectivity to bring Bergamo to its global network.

“The move from Basildon to Bergamo with TNS will allow traders to focus on their core business, knowing they can experience seamless and seamless trading from day one of the switchover,” said Jeff Mezger, vice president of management of TNS products. . “We will provide a full range of low latency services, including order routing, access to market data and the purchase, installation and management of trading infrastructure.

“Accessing IT3 through TNS is cost effective for merchants as it eliminates the need to research, acquire and maintain their own exchange connections, data center space and equipment,” added Mezger. “We can offer a lower total cost of ownership, with customers benefiting from the cost effectiveness of TNS, optimized rack cabling and design. We offer differentiated services to help any merchant transition effortlessly, from small businesses requiring a partial rack to international banks requiring multiple adjoining cabinets.

TNS’s managed hosting solution uses the enterprise’s ultra-low latency layer 1 technology within the data center. This enables enterprises to access execution speeds 10 times faster than traditional Layer 3 architectures. TNS Layer 1 was the first of its kind and remains the most advanced solution on the market, eliminating the need for multiple switches. using a simple single-hop architecture to provide connectivity in as little as 5 to 85 nanoseconds.

The TNS infrastructure brings together more than 2,800 terminals from the financial community to meet the needs of financial market players around the world. TNS offers a range of connectivity, colocation, cloud, market data and VPN solutions within its infrastructure as a service (laaS) portfolio.

Merchants using the company’s managed hosting solution benefit from TNS ‘global footprint of TNS points of presence and extensive existing network connections, which include uninterrupted access to over 60 exchanges with local physical media in the store. whole world. In addition, real-time monitoring is provided by TNS network operations centers in the UK, US and Australia.

ENDS

About Transaction Network Services (TNS)

Founded in 1990 and with headquarters in the United States, Europe and Asia, TNS is a leading provider of critical infrastructure, connectivity, market data and analytical services to the financial markets community. Delivered as a fully managed Infrastructure-as-a-Service offering, TNS provides an unmatched critical global footprint that dramatically reduces the burdens, complexities and costs attributed to businesses “going direct”. With ultra-low latency connectivity, global market data offerings, and dedicated 24/7 local support, TNS remains the trusted solution provider for more than 750 counterparties worldwide.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211005005071/en/

CONTACT: For more information

Fiona Butler, TRG, +44 (0) 7796 410557

Clare Cockroft, TNS, + 44 (0) 114 292 0163

[email protected]

KEYWORD: UNITED KINGDOM EUROPE

INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT SECURITY TECHNOLOGY SOFTWARE FINANCE NETWORKS

SOURCE: Transaction network services

Copyright Business Wire 2021.

PUB: 05/10/2021 09:03 / DISC: 05/10/2021 09:03

http://www.businesswire.com/news/home/20211005005071/en

Copyright Business Wire 2021.

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