Transaction Network Services (TNS) is working with Deutsche Börse to provide access to Eurex and Xetra market data for non-member organisations.
TNS, which has provided managed hosting, colocation and connectivity services to Eurex and Xetra member organisations since 2018, will leverage its established presence at the data centre in Frankfurt to now also provide market data services to organisations that do not hold Eurex or Xetra member status.
Deutsche Börse is one of over 119 markets across 24 countries where TNS provides its cutting-edge solutions, which include the award-winning TNS Layer 1 single hop architecture that offers ultra-low latency of between 5 – 85 nanoseconds. TNS now serves as both a Multi Member Service Provider and market data vendor for Eurex and Xetra.
“We are delighted to be able to make data from Deutsche Börse more easily available to non-member firms,” says Alastair Watson, Managing Director of TNS’ EMEA Financial Markets business. “Access to streaming market data globally is critical to the operations of financial firms, and we’re excited to enable our customers to easily access Eurex and Xetra data. TNS’ proven, reliable and low latency technology can deliver data as a cost effective and far less complex alternative to non-member firms sourcing and maintaining their own dedicated exchange connectivity for data sourcing.”
“This new agreement with TNS will help position our market data services for accelerated future growth,” says Alireza Dorfard, Market Data and Services at Deutsche Börse. “It supports our aim of making access to data more efficient for all participants by widening the options available to them so that they can select the most appropriate access method for their business.”