Coinbase Derivatives Exchange deploys cloud infrastructure by TNS

Transaction Network Services (TNS) has announced the deployment of a cloud-based financial trading infrastructure solution for the Coinbase Derivatives Exchange (CDE).

The TNS deployed hardware solution for CDE consists of the recently announced TNS Dedicated Server offering that will enhance the Coinbase Derivatives Exchange infrastructure collocated in Secaucus, NJ, and Aurora, IL.

The TNS Dedicated Server offering was developed to deliver low latency trading execution, improve storage capabilities, and process the large data sets that will be required due to the fast growth and adoption of the Coinbase Derivatives Exchange.

CDE will also be connecting to the TNS network which allows for direct low latency access to CDE through any TNS data center globally and will provide access to TNS’ extensive financial community of more than 2,800 endpoints.

The dedicated hardware, hosting, and switching compute system was staged in the Equinix NY6 data center and deployed into the current production CDE sites in Secaucus, NJ, and Aurora, IL. In conjunction with CDE and their network team, TNS procured and deployed the systems at a time of high demand for network hardware and long lead times. TNS’ Cloud platform, including the recently announced Dedicated Server offering, allows for rapid installation, alleviating supply chain challenges.

Dedicated cloud infrastructure connectivity coupled with the Coinbase derivatives exchange

Tom Lazenga, General Manager of TNS’ Financial Markets business, said: “We’re pleased to add the Coinbase Derivatives Exchange to our robust exchange community. Our institutional customers can now access crypto futures markets with resilient, high-performance connectivity.”

Boris Ilyevsky, CEO of Coinbase Derivatives Exchange, added: “TNS helps us deliver a resilient product that traders and investors can trust. Crypto has witnessed both volatile and liquid markets and with institutional adoption remaining strong, we believe the time is right for the offering that TNS brings to the table. Dedicated cloud infrastructure connectivity coupled with our derivatives exchange represents a mission-critical step toward supporting and maintaining a vibrant and reliable crypto derivatives market.”

TNS launches standardized Dedicated Server as part of new Cloud platform

It was earlier this year that TNS launched a standardized Dedicated Server offering as part of the deployment of its new Cloud platform for financial markets. Designed for high-performance trading, the product utilizes TNS’ bare metal servers, as well as ultra-low latency trading connectivity through TNS Layer 1.

The TNS Dedicated Server solution was introduced to help standardize performance, improve time to market, and optimize costs while providing low-latency network access, troubleshooting, and support.

The newly launched Dedicated Server features 16 standardized server options that have been optimized for front and middle office trading infrastructure to meet the specific computing needs of clients. The offering is designed to deliver low latency performance of trading applications. TNS has stated that multiple dedicated server options will be available. TNS’ inventory of servers allows for rapid installation, alleviating supply chain challenges for hardware.

The cost of TNS’ Dedicated Server rental includes a monthly fee with terms as low as one month. This allows the flexibility to pay for server rentals on a month-to-month basis without committing to a long-term contract for a high-end server, the firm explained.

TNS is rolling out its new Cloud platform. The complete suite of hosting solutions will offer a range of dedicated and shared compute options to meet the needs of traders and investors of all types. The company boasts a 125-strong point-of-presence footprint to bring together over 2,800 financial community endpoints with access to connectivity, colocation, cloud, market data, and VPN solutions within its Infrastructure as a Service (IaaS) portfolio.