Data Providers Expand Asian Presence
Demand for networking and market data spurs collaboration.
Connectivity and market data providers are intensifying their collaboration to source real time market data from high growth financial centers in Asia.
For example, Transaction Network Services, a global data connectivity provider, is hosting communications between market data sources in Asia and SIX Telekurs’ regional data center in Singapore.
“By delivering real-time market data from high growth financial centers to SIX Telekurs, TNS is committed to delivering high-quality and value service,” Alan Schwartz, president of TNS’ financial services division, told Markets Media.
The enhanced collaboration enables the delivery of real time pricing and order book data. Significant among the data sources are stock exchanges in Thailand and Taiwan as well as the Shanghai and Shenzhen exchange.
SIX Telekurs specializes in procuring, processing and distributing international financial information. The SIX Telekurs database contains structured and encoded securities administration data for more than 7 million financial instruments.
As a result of the collaboration, SIX Telekurs has been able to extend its geographical reach significantly, ensuring interoperability across critical networks in Asia, said Paul Bollhalder, managing director of SIX Telekurs Asia Pacific-ex Japan.
TNS can provide customizable network connectivity, from a dedicated amount of bandwidth for an application or connection to a co-mingled traditional model where the client can use their full amount of bandwidth as a whole, said Schwartz.
“We can support each client based on their needs and can remain flexible, working with buy-side and sell-side traders, financial market participants involved in trading across multi-asset classes or simply supporting clients that wish to send orders or receive market data,” he said.
Currently, TNS provides low latency managed connectivity to 1,700 end points globally.
Demand for networking capacity in Asia is being driven by direct market access. “Markets that allow and benefit from connectivity to DMA play a role in market growth, influence trading and certainly contribute to TNS’ ability to develop in the Asian market,” Schwartz said.