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Tradition replaces existing network with Orange Business Services - Trading Solutions’ low latency TCSnet to deliver trading applications to Wall Street clients

Orange Business Services - Trading Solutions, the leader in voice and electronic trading infrastructure and services for the trading communities, announced today that Tradition NA, one of the world’s leading global interdealer brokers, has chosen TCSnet as their primary client connectivity network. TCSnet is Orange Business Services - Trading Solutions’ dedicated financial extranet which delivers mission-critical real-time trading applications to Tradition’s Wall Street clients.

Orange Business Services - Trading Solutions was selected by Tradition to implement TCSnet at the firm’s North America offices. Tradition is using TCSnet to communicate with clients and transact OTC and commodity products faster via the secure, resilient, dedicated trading network. The migration to TCSnet was completed in only two weeks. Tradition NA went live with the network in December.

Bob Vitale, director of data & telecommunications for the Americas at Tradition NA said, “Like any smart business in the current climate, we look for ways to cut annual costs without losing the quality of service we need and expect. We chose TCSnet from Orange Business Services - Trading Solutions because it offers all the network trading services we need while ensuring security, high performance and resiliency at a highly attractive price point. The implementation was swift and smooth and the client service has been exceptional.”

Orange Business Services - Trading Solutions launched TCSnet, its global MPLS (Multi Protocol Label Switching) trading network, in 2009 to help facilitate trading between counterparties and enable financial services firms to gain access to all of the world’s major financial hubs. It is a highly secure financial transaction platform that delivers critical trading applications, significantly cuts latency and meets the demanding service requirements of financial market participants.

“Two years ago, we launched TCSnet to the global financial community and the network continues to expand every month. Today more than 2000 members rely on the power, reliability and security of TCSnet each day. We are delighted that Tradition has joined this community as it is further proof of the strength of the network and our ability to serve the market whatever customers’ voice or electronic trading requirements might be,” said Jerry Mattiace, vice president at Orange Business Services - Trading Solutions for the North America region.