02.28.2012
By Terry Flanagan

Exchange Connects

Futures exchange operator CME Group has a new connection to its platform.

Transaction Network Services recently announced that it has expanded its global exchange network by adding CME’s market data feeds. It will allow TNS’ members access to data from CME’s four designated contract markets as well as access the Dow Jones Indexes.

“We continue to look for ways to expand our offerings to the benefit of customers around the world who need to manage their risk across a variety of asset classes,” a CME Group spokesperson told Markets Media.

“CME Group brings much appeal to our customers,” said John Owens, TNS’ vice president of exchanges and ECNs. “We’re very excited that TNS is connecting to one of the largest and most diverse exchange groups in the world.”

Through more than 300 direct connections, the CME Market Data platform serves approximately 630 licensed market data distributors.

TNS is a provider of data communications and interoperability services. Founded in 1990 in the U.S., it now operates in over 60 countries in North America, Europe and Asia.

The connectivity comes about one month after CME announced a connection with fellow designated contract market Eris Exchange. The agreement allowed CME to be a channel to distribute Eris Exchange market data. Through more than 300 direct connections, the CME Market Data platform serves approximately 630 licensed market data distributors. CME has a vast market data platform and infrastructure and is able to distribute market data to hundreds of thousands of subscribers worldwide.

Exchanges are continually looking to offer connectivity between other exchanges as well as with technology providers. NYSE recently announced that it was working with the Tokyo Stock Exchange in a partnership whereby they will each offer interconnectivity between each other’s trading platforms. CME offers similar exchange connectivity with Mexico’s BMV and MexDer, allowing orders to be routed between the venues.

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