Financial extranet, TCSnet, recognised as the most innovative IP Network
Orange Business Services - Trading Solutions, the leader in voice and electronic trading infrastructure and services for the trading communities, is celebrating an award win for its best-in-class IP Network. The company’s financial extranet, TCSnet, has been recognised for the second year running in Financial-i’s Leaders in Innovation Awards 2011, from a shortlist of three finalists, by a panel of independent judges.
The awards identify global transaction banks and financial hardware and software providers that in the last 12 months have excelled, in terms of innovation in business solutions. The win demonstrates Trading Solution’s ongoing commitment to providing innovative technology solutions which offer users a competitive advantage. It recognises the next generation trading network, TCSnet, for flexibility, reliability and security in connecting industry players to their counterparties with low latency and scalability underpinning the service.
Anita Hawser, editor at Financial-i magazine said, “Each year our awards shortlist is selected based on research conducted by our team of journalists as well as feedback from an advisory panel of industry analysts, consultants and practitioners. We are keen to recognise companies for innovation which positively affects end-users and Orange Business Services - Trading Solutions has excelled in this area. Their high-performance IP network is a strong example and with increasing market interest in the offering over the past year, we are pleased to recognise the company for its achievements.”
“As electronic trading message volumes continue to rise, we are committed to providing a dedicated trading network which is optimised for performance. We were the first company to launch a post MiFID network to face the new challenges of regulation and are devoted to delivering the best connectivity experience when facing business transformation, said Lionel Grosclaude, CEO, Orange Business Services - Trading Solutions. “We are thrilled to have been successful two years in a row and this award is a significant win for us. We have been working very hard to provide the best network and services in this market and pride ourselves on the quality and worldwide recognition of our network.”
Since its launch two years ago, the TCSnet customer base has continued to grow and has proven its strong voice and data convergence strategy through customer requirements such as cost effectiveness, TCO reduction and rapidity on time to market. Trading Solutions is now hosting more than 2000 financial members globally and the company significantly enhanced the TCSnet trading dedicated network in March by, embedding leading-edge technologies that enable the buy and sell-side to improve productivity, collaboration and workflow streamlining between trading environments. This is done via various SIP based capabilities such as market alerts applications, presence management, free seating and business continuity planning.