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TNS launches market data and order routing services at India INX

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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 per cent in GIFT IFSC. The all-time high turnover of India INX has been USD30.3 billion on 10 March, 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, says: “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,” says 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 specialised personnel for local, boots-on-the-ground support.

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