Transaction Network Services (NYSE:TNS) has expanded its global exchange network by adding one of the world’s leading and most diverse derivatives marketplaces, CME Group. Futures and options trading volumes are ever-increasing and TNS is working with major venues to help customers trade across different asset classes.
CME Group is comprised of four Designated Contract Markets (DCMs), CME, CBOT, NYMEX and COMEX, which are all covered under the agreement with TNS. This also allows members of TNS’ global financial community the opportunity to speedily and cost efficiently access Dow Jones indices. The Dow Jones Indices are a vital source of information for financial market participants and are just one of the key sources of indices that CME Group offers. Additionally, traded instruments within CME Group include agriculture, metals, credit, energy, equity index, FX and interest rates are all key areas of industry for TNS’ customers.
Customers of TNS that are actively trading across the FX market, receive added value from the TNS network via the new connection to this exchange. The FX market, considered the most influential in terms of size, is an area of significant importance to TNS. CME Group’s regulated FX marketplace offers valuable market data to assist growing volumes and increasing levels of trade automation. Market participants receive transparent and equal access to an innovative global product suite of futures and options contracts.
John Owens, TNS’ Vice President of Exchanges & ECNs, said: “We’re very excited that TNS is connecting to one of the largest and most diverse exchange groups in the world. CME Group brings much appeal to our customers. We’ve been working very closely with our community of financial participants to ensure our approach remains customer-driven and this agreement reinforces our commitment.“It’s an undeniably prestigious global trading venue; an exchange that our customers will appreciate. TNS’ focus remains firmly on expanding the number of asset classes we provide service to and we welcome and look forward to the future opportunities that will arise from our connection with CME Group.” The TNS and CME Group relationship is a perfect fit as the company looks to enhance its global relationships as well as offer customers variety and scope in how they connect to their market data feeds. TNS’ global presence as well as its ability to provide fast, secure and low latency connections meets the constant trading technology needs of CME Group. TNS’ Secure Trading Extranet allows customers access to TNS’ 1,700 community endpoints, representing buy-side and sell-side institutions, market data and software vendors, exchanges and alternative trading venues, via more than 125 points of presence.