BATS Europe, a multilateral trading facility, has chosen Transaction Network Services (TNS), a communications company, to provide client connectivity services to its trading platform.
The deal enables market participants to connect to BATS Europe’s trading platform using TNS’ secure trading extranet.
“BATS Europe is pleased to work with TNS as we expand the range of connectivity options available to market participants,” said Mark Hemsley, CEO, BATS Europe, in a statement. “TNS’ global footprint and market presence make it a valued partner that will help propel us into Europe.”
John Owens, vice president exchanges and ECNs, financial services division at TNS, added” “BATS’ aim is to have the fastest and most robust platform in Europe, with the lowest latency. Connecting to TNS’ high-performance extranet will play an important role in helping it achieve this.”
TNS’s network connects to over 1,500 end-points, representing buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues. It serves customers in 28 countries across America, Europe and the Asia Pacific region.