RESTON, Va., August 03, 2021--(BUSINESS WIRE)--Transaction Network Services (TNS) is expanding its presence in India with the launch of a new connection to the India International Exchange (INX) located at the International Finance Services Centre, Gujarat International Finance-Tec City (GIFT City) Gandhinagar. This new connection delivers low latency access to India INX for both market data and order routing services.
India INX had an average daily turnover of USD 11.67 bn in May 2021 with a market share of 98.15% in GIFT IFSC. The all-time high turnover of India INX has been USD 30.3 bn on March 10, 2021. A subsidiary of BSE, India INX is India’s first international exchange and has a matching engine round trip time of four micro seconds, making it the fastest in the world.
Shri V. Balasubramaniam, MD & CEO at India INX said: "With its long standing, trusted reputation and local knowledge, we are delighted to welcome TNS on board and we look forward to working with them to continue to provide our customers the best-in-class technology and services. Global investors can now get connected to India INX based in GIFT IFSC from anywhere in the world and access our market for 22 hours from any time zone."
TNS maintains two connections to India INX’s matching engine in GIFT City as well as connectivity to the India INX DR site. "India INX is a valuable addition to our financial portfolio," said Jeff Mezger, Vice President of Product Management at TNS. "TNS has local teams on the ground in India and we are excited to be expanding our long-standing relationship with BSE.
"Accessing INX’s portfolio makes it the ideal gateway to India and allows a single segment approach for all asset classes. These two new connections enable TNS to offer India INX access anywhere in the Americas, Europe and Asia Pacific via our low latency, global network."
TNS offers access to most of the exchanges across Asia and provides low-latency access and market data at a lower cost and with far less complexity than firms can do it themselves. TNS Managed Hosting provides deep expertise that virtually eliminates the commercial and administrative challenges of managing remote sites. In addition, TNS has highly specialized personnel for local, boots-on-the-ground support.
TNS brings together more than 2,800 financial community endpoints, supported by a global, 125-strong point-of-presence footprint. Specifically designed and engineered to address the needs of financial market participants worldwide, TNS offers a range of connectivity, colocation, cloud, market data and VPN solutions within its infrastructure as a service (IaaS) portfolio. Its solutions are monitored 24x7x365 by TNS’ Network Operations Centers in the US, UK and Australia. For further information visit tnsfinancial.com.
About Transaction Network Services:
Transaction Network Services (TNS) is a leading global provider of infrastructure as a service solutions (IaaS). TNS offers a broad range of managed infrastructure, including connectivity, and innovative value-added services and is committed to delivering superior service and solutions to world-leading payments, financial markets and communications companies.
Founded in 1990 in the US and headquartered in Reston, Virginia, TNS provides an extensive portfolio of services to customers in more than 60 countries spanning the Americas, Europe, and the Asia Pacific region. For more information about TNS Financial Markets offerings visit www.tnsfinancial.com or go to the media center for the latest news tnsi.com/media-center/
View source version on businesswire.com: https://www.businesswire.com/news/home/20210803005534/en/
Clare Cockroft/Rachel Watson
T: +44 (0)114 292 0163 / +1 703 814 8065