Managed hosting provider Transaction Network Services (TNS), a company founded in 1990 in the United States with clients worldwide, has announced that its TNSXpress Managed Hosting solution is now live at the Hong Kong Exchanges and Clearing’s (HKEX) hosting data center.
TNS offers a range of connectivity, hosting, cloud, hub, VPN and other solutions, specifically designed and engineered to address the needs of financial market participants worldwide. It currently connects more than 2,100 financial community endpoints globally.
“TNS is a welcome addition to our hosting services ecosystem,” said Andy Lee, Head of Hosting Services at HKEX. “We look forward to working together to further develop the ecosystem connecting Hong Kong’s iconic securities and derivatives markets.”
Layer 1 Technology
The TNSXpress Managed Hosting solution utilizes TNS’ ultra-low latency Layer 1 technology which would offer trade executions “10 times” faster than traditional layer 3 architectures. In addition to providing connectivity and hosting, TNS is also working closely with HKEX to become a provider for HKEX equities and derivatives market data.
TNSXpress Layer 1 uses a “simple” single-hop architecture aimed to deliver connectivity in as little as “5 to 85 nanoseconds.”
“We are extremely excited about our expanding relationship with HKEX,” said Jeff Mezger, Director for Product Management for TNS’ Financial Services business. “Traders now have a wider choice of how to trade with HKEX and can use TNS for both local and international connectivity to the exchange and between trading partners.
TNSXpress would allow organizations to focus on their core objectives while leaving TNS to manage their trading infrastructure. TNS finds, coordinates and procures facilities and server hardware, as well as handles the project management, system installation, testing and commissioning.
“HKEX is a perfect example of how we are promoting global trade through our 3Cs vision of content, connectivity and colocation,” added Mr. Mezger. “We blend extensive global connectivity with an Infrastructure as a Service platform and simplify trading operations through a single supplier relationship.”