Transaction Network Services, Inc. (NYSE:TNS) is working with ICF Systems to outsource connectivity and give customers using its IT systems a single scalable, fully-managed connection, where previously several leased lines may have been required. This single connection will enable firms to access multiple services, such as trading, market data and trading applications.
ICF Systemsâ customised solutions are used by banks, securities traders and financial institutions across Germany and the Netherlands. The company specialises in trading, information and reporting systems, with links to numerous local and international exchanges, including Xetra, Xontro, Eurex, and Euronext Cash/Liffe, among others. ICF Systems also operates the full infrastructure for the Bavarian stock exchange in Munich.
Marcus Bingel, CEO of ICF Systems, said: âOur decision to select the TNS system is part of a national project devised to promote growth and extend our reach by offering customers unrivalled coverage.
âProviding connectivity with exchanges is a key focus of our business and TNSâ impressive roster of these vital market participants was a major factor in our decision to switch to TNSâ Secure Trading Extranet.
âOne simple connection is all our customers will need to be able to access an extensive community of interest. We can also reciprocate the benefits by offering those organisations on TNSâ network access to our IT solutions.â
ICF Systems provides a full service offering for all major exchange systems including consulting, contracting, hardware supply, connectivity, desktop management and support.
Alex Walker, Senior Vice President of Global Sales for TNSâ Financial Services Division, said: âWeâre delighted to be working with ICF Systems and providing its customers with fully managed, scalable connectivity.
âIn addition to offering ICF more cost-effective and secure connections, we can support new relationships with any other endpoint on the network. This includes exchanges in the United States, Canada, United Kingdom, Poland, Greece, Singapore and Thailand.â
Established in 1998, and with an annual turnover of more than â¬40 million (Â£27 million), ICF Systems will also be using TNSâ Wide Area Network service to share information internally, between its data centres in Frankfurt and customers in Bremen, Oldenburg, Dusseldorf and Bad Vilbel.
TNSâ Secure Trading Extranet connects over 1,000 financial community end-points, representing more than 550 buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues. It boasts over 100 points of presence and provides services to 29 countries across America, Europe and the Asia Pacific region, with its reach extending to many more.
Financial institutions using TNSâ network can access a variety of mission critical trade-related messages, data and applications which support order routing, trade executions, direct market access and algorithmic trading.