“This latest exchange connection allows TNS to provide access to approved recipients, including exchange members and market data vendors. This project includes market data for TASE’s equities and increases the number of market data feeds we now offer globally.”
Transaction Network Services (TNS) has connected to Tel Aviv Stock Exchange (TASE) as a market data vendor, the infrastructure provider announced.
Order routing and market data connectivity to the TASE matching engine in Tel Aviv will allow TNS’ customers to capitalize on trading activities in this growing market and Israel’s sole exchange.
According to the announcement, TNS can deliver TASE market data globally via a high-availability backbone with minimal network latency, thus enabling clients to access TASE alongside the already established European, US and Asia Pacific exchange connectivity.
Access to exchange members, market data vendors, and more
Jeff Mezger, TNS’ Vice President of Product Management, Financial Markets, said: “This latest exchange connection allows TNS to provide access to approved recipients, including exchange members and market data vendors. This project includes market data for TASE’s equities and increases the number of market data feeds we now offer globally.”
TASE is the listing exchange for Israeli companies, including The TA-35, the main stock index consisting of 35 Israeli companies. TASE is also home to a derivatives market including equity index derivatives (such as TA-35 index futures), FX derivatives and equity options. In 2021, daily turnover on TASE for equities was US$581 million, up from $540 million in 2020.
TNS’ offering delivers lower overall costs compared to a DIY approach, thanks to TNS’ mutualized exchange connections and status as a registered data vendor with TASE. This allows trading firms to focus on their core business instead of diverting the attention of internal resources to maintain an extensive, specialized infrastructure.
TNS brings together over 2,800 financial community endpoints, supported by a global, 125-strong point-of-presence footprint. Specifically designed and engineered to address the needs of financial market participants worldwide, TNS offers a range of connectivity, colocation, cloud, market data and VPN solutions within its Infrastructure as a Service (IaaS) portfolio. Its solutions are monitored 24x7x365 by TNS’ Network Operations Centers in the US, UK, Australia, and Malaysia. For further information visit tnsfinancial.com.