Asset servicing industry news | TNS partners with TRAFiX to expand order execution and management systems for Canadian market

Transaction Network Services (TNS) has partnered with trading and connectivity solutions provider TRAFiX to expand its order execution and routing management systems on TNS’ Dedicated Server.

The systems will be distributed across all major Canadian financial exchange markets.

Based out of the Equinix TR2 Data Center in Toronto, TRAFiX will leverage the TNS Dedicated Server offering to optimise its hardware and trading connectivity requirements.

TRAFiX will also use the recently launched TNS Cloud Server Management solution, which handles operating system installation, configuration and patching as well as monitoring, troubleshooting and access management.

With the TNS Dedicated Server, TRAFiX has access to nine standardised server options that have been optimised for front- and middle-office trading infrastructure to meet the specific computing needs of TRAFiX and its clients.

Buy- and sell-side institutions and their vendors can work with TNS as a single source for both managed hosting and managed infrastructure services.

Walter Fitzgerald, CEO of TRAFiX, says: “TRAFiX continues to execute our strategy to expand and serve our customers in regions around the world. This investment and installation of TNS Dedicated Server demonstrates our commitment to provide the best available technology infrastructure to support our customers today and into the future in Canada.”

Rick Gilbody, TNS’ head of North American sales for its financial markets business, comments: “By integrating infrastructure procurement, deployment, configuration and management, we can help our customers simplify operations, and rapidly increase their go-to-market opportunities.

“This strategic approach to colocation hosting is a significant milestone in expanding the ultra-low latency trading footprint for Canadian financial markets, and connectivity to the greater global exchange community.”