Transaction Network Services (TNS) is now connected to Tel Aviv Stock Exchange (TASE), as a market data vendor. Opening up access to Israel鈥檚 sole exchange, with order routing and market data connectivity to the TASE matching engine in Tel Aviv, allows TNS鈥 customers to capitalize on trading activities in this growing market.
Under the new agreement, TNS can deliver TASE market data globally via a high availability backbone with minimal network latency. TNS鈥 low latency network enables clients to access TASE alongside the comprehensive European, US and Asia Pacific exchange connectivity already provided.
鈥淭his latest exchange connection allows TNS to provide access to approved recipients, including exchange members and market data vendors,鈥 said Jeff Mezger, TNS鈥 Vice President of Product Management, Financial Markets. 鈥淭his project includes market data for TASE鈥檚 equities and increases the number of market data feeds we now offer globally.鈥
TASE is the listing exchange for Israeli companies, including The TA-35, the main stock index consisting of 35 Israeli companies. TASE is also home to a derivatives market including equity index derivatives (such as TA-35 index futures), FX derivatives and equity options. In 2021, daily turnover on TASE for equities was US$581 million, up from $540 million in 2020.
TNS鈥 offering delivers lower overall costs compared to a DIY approach, thanks to TNS鈥 mutualized exchange connections and status as a registered data vendor with TASE. This allows trading firms to focus on their core business instead of diverting the attention of internal resources to maintain an extensive, specialized infrastructure.
TNS聽brings together聽over 2,800 financial community endpoints, supported by聽a global, 125-strong point-of-presence聽footprint.聽Specifically designed and engineered to address the needs of financial market participants worldwide, TNS offers a range of connectivity, colocation, cloud, market data and VPN solutions聽within its Infrastructure as a Service (IaaS) portfolio.聽Its聽solutions are monitored 24x7x365 by TNS鈥 Network Operations Centers in the US, UK, Australia, and Malaysia.
