[This message was posted by Jenny Nelson of Transaction Network Services <[email protected]> to the "Japan" discussion forum at http://fixprotocol.org/discuss/8. You can reply to it on-line at http://fixprotocol.org/discuss/read/a08d6b4b - PLEASE DO NOT REPLY BY MAIL.]
18 August 2010 – Retail securities firms across Japan can now trade with brokers in Hong Kong thanks to a new agreement between connectivity provider Transaction Network Services (NYSE:TNS) and Nomura Research Institute (NRI). The new agreement allows firms connected to NRI’s Market Bridge platform to use TNS’ Secure Trading Extranet to access the buoyant Hong Kong markets. By connecting with local brokers who can act on their behalf, Japanese firms do not need to acquire a local licence to trade in Hong Kong, making it easier and more cost-effective to trade in this important overseas market. TNS’ Secure Trading Extranet offers mission-critical low latency connectivity, including the ability to perform FIX transactions. It brings together one of the world’s largest financial communities of interest, spanning four continents. Financial institutions are increasingly looking to connect with Asia’s growing markets outside of Japan and with the help of TNS, NRI can extend its Market Bridge community into Hong Kong. This puts NRI in a strong position to harness further growth opportunities within other countries and easily meet the needs of its clients as it evolves. NRI’s Market Bridge technology is a straight-through-processing solution for foreign equities, providing members with fully automated, real time transaction capabilities. This new agreement will also allow financial market participants already part of TNS’ ecosystem to connect with on-net Market Bridge users in as little as three working days. Alan Schwartz, President of TNS’ Financial Services Division, said: “Asia is an ever developing and evolving market and we are pleased to be working alongside NRI to help it deliver this key service to its customers, while supporting its international growth objectives. “We are also excited about the many new opportunities this creates for TNS’ connected community. We are committed to further extending our global network coverage and we expect to receive interest from our participants now that we can access the Japanese retail securities market.” TNS’ Secure Trading Extranet connects over 1,600 financial community end-points, representing buy-side and sell-side institutions, market data and software vendors, exchanges and alternative trading venues, via more than 115 points of presence. TNS provides services in over 40 countries across America, Europe and the Asia Pacific region, with its reach extending to many more. For more information about TNS visit www.tnsfinancial.com Ends/… About Transaction Network Services Transaction Network Services (TNS) is a leading global provider of data communications and interoperability solutions. TNS offers a broad range of networks and innovative value-added services which enable transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets. Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 40 countries across the Americas, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods. For further information about TNS, visit www.tnsi.com. ‘One Connection, A World of Opportunities’ Statements and information contained in our press releases and newsletters that are not descriptions of historical fact may contain forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond our control, which could cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods. www.tnsi.com For further information please contact either: Jenny Nelson Clare Cockroft TNS TNS Tel: +44 (0)114 292 6458 Tel: +44 (0)114 292 6416 [email protected] Tel US: +1 703 814 8065 [email protected] [You can unsubscribe from this discussion group by sending a message to mailto:[email protected]] -- You received this message because you are subscribed to the Google Groups "Financial Information eXchange" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/fix-protocol?hl=en.
