Nov. 4, 2009 (Business Wire) -- Global Trading firms can now access ELX Futures, L.P. (ELX Futures) via Transaction Network Services’ (NYSE:TNS) Secure Trading Extranet, after a connection to the new fully regulated electronics futures exchange was established this month.
ELX Futures was launched in July by 13 leading global financial institutions, including JP Morgan, Bank of America, Credit Suisse, BGC Partners and Goldman Sachs, among others. As a certified connectivity partner, TNS will provide fast, secure and reliable connectivity services between ELX and organisations trading on the exchange.
Joseph Noviello of BGC Partners, and Technology Architect for ELX Futures, said: “Connecting to TNS allows ELX Futures to offer its customers more choice and provides them with a rapid connectivity option to the futures market. A key factor in ELX’s strategy is to provide resilient, low latency, cost effective access from anywhere around the world, and TNS’ Secure Trading Extranet will be a vital component of this.
“This deal also allows easy access to ELX for TNS’ extensive global financial community and we believe this will help ELX achieve faster rates of international growth over the coming months. TNS also offers ELX an immediate distribution channel, as well as boasting extensive experience with FIX order flow.”
In addition to FIX trading, TNS’ Secure Trading Extranet will also enable participants to trade using ELX’s proprietary interface.
John Owens, Vice President, Exchanges and ECNs at TNS’ Financial Services Division, said: “ELX is a new and exciting futures exchange with a fantastic pedigree and we are very proud to be one of its first approved connectivity providers. We look forward to supporting ELX and its customers as they grow with TNS’ scalable, resilient, secure and cost effective connectivity services.”
“We also expect to see a great deal of interest from our current global financial customers trading via the TNS Secure Trading Extranet as we can easily set up new connections to ELX in just three days.”
TNS’ Secure Trading Extranet connects over 1,500 financial community end-points, representing buy-side and sell-side institutions, market data and software vendors, exchanges and alternative trading venues. It boasts over 115 points of presence and provides services to clients in over 28 countries across America, Europe and the Asia Pacific region, with its reach extending to many more countries.
For further information about TNS log onto www.tnsfinancial.com
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About Transaction Network Services
Transaction Network Services (TNS) is an international data communications company that enables payments, money and voices to move around the world.
TNS’ mission is to enable the world to transact. It does this through a broad range of networking, communications and value added services, which it provides to many of the world’s leading retailers, banks/processors, telecommunications companies and financial markets.
Since its inception in 1990, TNS has designed and implemented multiple data networks, each designed specifically for the transport of transaction-oriented data. TNS' networks support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods. Today, TNS has 32 offices across 28 countries with the ability to provide services in other countries.
For further information about TNS, visit www.tnsi.com.
Statements and information contained in our press releases and newsletters that are not descriptions of historical fact may contain forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond our control, which could cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods. www.tnsi.com
About ELX Futures
ELX Futures, L.P. is a fully electronic alternative exchange based on technology provided by BGC Partners and founded by leading global financial institutions with the goal of bringing the benefits of enhanced speed, liquidity and cost-efficiency to all market participants. For information and news about ELX, visit www.elxfutures.com or email us at info@elxfutures.com.
