Market data managed services and technology provider Exegy has partnered with Transaction Network Services (TNS) to launch a new FX trading platform that taps into their combined expertise.
The new offering will leverage Exegy’s Trade Port FX solution which offers a dedicated FX market data and order execution gateway. The product is offered as a fully-managed application that delivers better network connectivity, lower operational costs, and order entry to major FX venues.
Transaction Network Services (TNS) is a global payments connectivity provider that handles more than $20 billion of transactions annually in over 60 countries.
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This collaboration will allow Exegy to compete in the broad market as its installed appliances, hosted by TNS, will enable its flagship solution to deliver “single-digit, microsecond normalized FX market data from 44 live venues and order execution through a unified, FX-specific API,” the company says. TNS’ hosting infrastructure will enable Exegy to make it easier for the trading community to access vital services of Trade Port FX.
According to a joint statement, early registrants to the new platform will benefit from connections to TNS’ financial community of interest which now counts more than 2,100 endpoints globally.
“Exegy is excited to be working with TNS to create a global, state-of-the-art FX trading platform. TNS’ global presence, renowned reputation for superior customer service, coupled with Exegy’s FX market data and order execution solutions will deliver better performance, lower total cost, and a disruptive new model in the FX industry,” said Exegy Sales Director in Europe and Asia Carlos Lopez.
Bill Versen, Chief Product Officer at TNS, added: “We’re delighted to be working with Exegy to launch this new global FX trading platform. Our extensive hosting infrastructure enables us to make it easier for the trading community to access vital services, such as Exegy’s Trade Port FX solution, while gaining additional business benefits at the same time.”