Transaction Network Services (TNS) has established a new connection into the co-location service of JPX, Japan’s main bourse.
Under the agreement, TNS is offering high speed, reliable, cost-effective connectivity services to the JPX Co-location Service via its secure link into the arrownet-Global Service, an ultra-low latency end-to-end network service enabling market participants to connect directly from overseas markets into JPX’s co-location facility under a single contract. From there, customers can reach JPX group members, including the Osaka Securities Exchange and Tokyo Stock Exchange (TSE).
Ryusuke Yokoyama, Executive Officer at TSE, says: “Our primary mission remains firmly aligned with our role at the core of a capitalist market economy. This is to provide highly liquid markets with fair and transparent price discovery, offer investors effective means to manage their assets and supply listed companies with the necessary funds for corporate development and growth.
“We’re delighted to have arranged our connection with TNS, as we see this playing a significant role in helping us to continue achieving these objectives and realise our mission to be ‘the most preferred stock exchange in the Asia-Pacific region’. TNS’ solid heritage and expertise, as well as its reputation for service delivery and operational management, will help us to grow our business.”
TNS will provide JPX’s brokers and other clients with alternative access to their markets for both domestic and overseas monitoring, and algorithmic tuning purposes. On-net firms can use their existing TNS connections to reach JPX’s co-location facility, with connectivity being delivered in days.
Alex Walker, Executive Vice-President and Managing Director, TNS Financial Services Division, says: “We’re committed to strengthening our financial community of interest and extremely pleased to have established a connection with JPX. We expect to receive interest from many overseas firms, particularly buy-side organisations, wishing to trade on its markets.
“The combination of JPX’s technology and state-of-the-art data centre with our tried and tested financial community network will prove unbeatable in the fast paced and highly demanding securities trading world.”
