TNS has introduced its popular managed hosting and colocation product in Madrid, which will help financial market players wishing to access Spain’s main stock exchange, Bolsas y Mercados Españoles (BME).
TNS connects approximately 2,800 financial community endpoints across a worldwide, 125-point-of-presence footprint. Its Infrastructure-as-a-Service (IaaS) portfolio includes connectivity, colocation, cloud, market data, and VPN solutions specifically built and constructed to meet the demands of financial market players globally. TNS’ Network Operations Centers in the United States, the United Kingdom, Australia, and Malaysia monitor its solutions 24 hours a day, seven days a week.
TNS’ initial deployment in Spain joins Frankfurt, Germany, and Bergamo, Italy as the company’s third Managed Hosting and Colocation facility in continental Europe. TNS has seven locations in Europe, including Basildon, LD4, Interxion, and LSE in the United Kingdom.
This news reinforces TNS’ commitment to investing in European infrastructure.
Jeff Mezger, who serves the role of Vice President of Product Management at TNS, had the following to say:
Working with TNS will enable capital markets participants to improve the way they incorporate BME into their trading infrastructure. For those who have held back from accessing BME because they did not want to colocate themselves, we can now do it for them. With BME colocation joining TNS’ low latency network in Europe, TNS can provide market data to virtually any of the major equities exchange data centers in Europe.
Trade execution speed is critical for profit and loss, and having the quickest communication links to hardware in the optimum location provides a competitive edge. Firms may achieve execution rates up to ten times quicker than standard Layer 3 architectures by combining colocation with BME and ultra-low latency Layer 1 connection within the data center. Layer 1 technology continues to be the most sophisticated option, eliminating the need for several switches by utilizing a simple, one hop design to provide connection in as low as 5 to 85 nanoseconds.
Because of TNS’ mutualized exchange links and status as a registered data provider with BME, the TNS solution has lower total expenses than a DIY alternative. This allows trading organizations to concentrate on their primary business rather than devoting internal resources to managing a large infrastructure.
BME oversees all Spanish stock exchanges, including the Bolsa de Madrid, the Bolsa de Barcelona, the Bolsa de Bilbao, the Bolsa de Valencia, and the MEFF derivatives exchange. The listing market for global corporations like as ArcelorMittal, America Movil, Banco Santander, and Telefonica is the Bolsa de Madrid. These and other firms comprise the IBEX 35, Spain’s main stock index. MEFF provides stock index futures, including IBEX 35 futures, as well as energy derivatives and foreign exchange derivatives.
