Transaction Network Services (TNS) announced that it is actively migrating a client’s trading and market data systems from an existing primary data center located in the City of London to the new London Stock Exchange Group (LSEG) Data Center near the Docklands, London.
Having secured significant infrastructure capacity in the new data center, and added the new site to its broad portfolio of Layer 1 accessible markets, TNS reports that it has been successfully relocating multiple clients.
For the customer relocation, TNS is leveraging its Layer 1 switching platform to deliver ultra-low latency mutualized market access and network connectivity. The new LSEG Data Center is fully integrated onto TNS’ global network.
The London Stock Exchange Group is home to several capital formation and execution venues including the London Stock Exchange, AIM, Turquoise, CurveGlobal, FXall and Tradeweb, offering customers extensive access to capital markets and liquidity across multiple asset classes.
TNS’ managed hosting platform delivers rack-optimized cabling and design utilizing the company’s ultra-low latency Layer 1 technology inside the data center. This enables firms to access execution speeds that are 10 times faster than traditional layer 3 architectures. TNS Layer 1 eliminates the need for multiple switches by using a simple, single hop architecture to deliver connectivity in as little as 5 to 85 nanoseconds.
Those responsible for electronic trading can now rely on TNS to research, acquire and maintain their exchange connections, data center space and equipment. TNS ensures differentiated services for a diverse range of market participants, from firms that require a partial rack up to global banks that require multiple contiguous cabinets.
Jeff Mezger, VP of product management for TNS’ Financial Markets business, remarked:
“Relocating to the new LSEG facility with TNS has been seamless for our clients. We have already deployed the equipment, as opposed to those employing a DIY approach with a kit wait-time of up to a year, due to current global supply chain issues. We are providing a full suite of low latency services, including order routing and market data access. In addition to procuring, installing and management of trading infrastructure, we are helping our clients save crucial nanoseconds in the race to execute trades.”
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