Transaction Network Services (TNS) and Singapore Exchange (SGX) are collaborating to expand the range of colocation services, hosting, and connectivity options available to traders who want to access SGX’s derivatives and securities markets. TNS now has the authority to offer its full suite of service including TNS Layer 1 raw market data and order routing, from a brand-new managed hosting presence within the Tier 1 area of SGX’s data center.
TNS’ managing hosting, connectivity, and colocation services help traders in overcoming the challenging and complicated tasks of managing remote data center space. Local teams of TNS in the countries along with global operations resources, allow it to find and coordinate resources without any hassle, take care of project management, procure hardware and facilities, testing and commissioning requirements.
TNS provides a range of connectivity, cloud, colocations, VPN, and market data solutions within its Infrastructure-as-a-Service (IaaS) portfolio. These solutions have been specially designed and engineered to consider the requirements of financial marketing participants worldwide. TNS integrates more than 2800 financial community endpoints that are supported by a global 125-strong Point-of-Presence footprint. The solutions by TNS are all monitored 24x7x365 by TNS’ Network Operations Centers (NOC) in the US, Australia, and UK.
SGX MD’s Take
Singapore Exchange’s Managing Director, Head of Data, Connectivity, and Indices, Ng Kin Yee, said that SGX’s colocation services lets traders access mission-critical trading and market data engines in a “secure, robust and reliable” environment. It has been designed to meet the complex demands of global financial institutions investing and managing risk in this region. The service has also been recognized as a leading and trusted market infrastructure that connects the world to Asia. He concluded by saying that SDX is glad to work in collaboration with TNS in order to meet the demands of mutual clients for boosted connectivity and quick access to SGX.
Singapore Exchange (SGX)’s colocation service offers multiple tiers of hosting services to fulfill various unique requirements. It provides a high level of bandwidth and capacity for “super-smooth” data transfer and claims to have a round trip latency of less than 100 microseconds.
TNS’ Senior Director on The Collaboration
Senior Director of Product Management for TNS’ Financial Markets business, Jeff Mezger, said that the brand is overwhelmed to expand the relations with SGX. TNS will acquire space at the SGX Colocation Data Center. He added that SGX has served as a popular endpoint within the financial community of interest for considerable years. It is a major step to get the opportunity to help the customers get leverage by providing them low latency access to SGX trading and matching engines through the new managed hosting presence.
TNS is looking forward to help Singapore Exchange in boosting its global influence as a one-stop-shop infrastructure of hosting, PTP time synchronization, exchange access, and Internet access and welcoming new traders. Interested customers will also get a less complex and “cost-effective” alternative to the do-it-yourself (DIY) approach.
As the TNS Layer 1 is now available in Singapore, customers can enjoy access to an ultra-low latency connection that would provide a speed between 5 to 85 nanoseconds. He ended his statement by saying that as per their belief, TNS provides the fastest and most comprehensive solutions for customers belonging to the SGX colocation family.