Exegy Inc., provider of managed services and low-latency technology for market data normalisation and distribution, and Transaction Network Services (TNS), provider of managed data communications and interoperability solutions, announce a partnership in offering a global FX trading platform.
The new offering combines TNS’ market connectivity and hosting solutions and Exegy’s Trade Port FX which delivers normalised FX market data and execution services to major FX venues as a fully managed and integrated FX trading platform.
“Exegy is excited to be working with TNS to create a global, state-of-the-art FX trading platform,” said Exegy Sales Director in Europe and Asia Carlos Lopez Lansdowne. “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.”
With evolving global regulation, increased market fragmentation, and the complexity and costs of building, maintaining, and managing an FX trading infrastructure, Exegy and TNS are aligned with a common goal to provide a comprehensive, cost-effective electronic FX trading solution.
The new partnership will include redundant, hardware-accelerated computing Exegy appliances installed in the main co-location centers globally, which will allow Exegy Trade Port FX to deliver single-digit, microsecond normalized FX market data from 44 live venues and order execution through a unified, FX-specific API. TNS will host these appliances and provide robust, reliable market connectivity to offer firms the flexibility to scale operations.
Bill Versen, Chief Product Officer at TNS, said: “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.”
“We are driven to support FinTech enablement within the financial markets to ensure that the advantages presented by new technologies can be harnessed in a secure, reliable, and flexible way that meets the demanding needs of our industry,” added Versen. “Using TNS gives firms looking to deploy the Exegy platform a highly available, cost-effective, and reliable option, which comes with round-the-clock customer support from our multiple network operating centers globally. We look forward to working with Exegy on this new initiative.”