Transaction Network Services, communications company that enables payments, money and voices, has announced that it is providing clients with trading access and real-time pricing for Chi-X Europe.
A secure fully-managed connection will link TNS’ Secure Trading Extranet to the pan-European multi-lateral trading facility (MTF). Financial institutions using TNS’ network can access a variety of mission critical trade-related messages, data and applications which supports order routing, trade executions, direct market access and algorithmic trading.
The deal also enables Chi-X Europe’s participants to connect to TNS’ extensive community of interest, incorporating over 1,000 financial community end-points, representing buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues. It boasts over 100 points of presence and provides services to customers in 28 countries across America, Europe and the Asia Pacific region, with its reach extending to many more.
Hirander Misra, director,Chi-X Europe, said: This connection provides market participants with a greater choice as to how they route orders and receive pricing information. Chi-X Europe is committed to delivering a low cost, ultra fast trading platform, and providing clients with this latest connection furthers the goal of making market data readily available free of charge.