Asset servicing technology news | TNS launches Cloud

Transaction Network Services has launched TNS Cloud – Server Management to deliver support to buy- and sell-side institutions and vendors.

The initiative will combine the company’s server hosting capabilities with direct server management.

The Virginia firm’s new utility is designed to streamline trading data centers by providing operations and maintenance for customer servers.

It provides clients with a suite of services including operating system installation, configuration and management, server hardware, operating system health monitoring and user access management.

The suite makes use of TNS’ bare metal servers and aims to provide low latency trading connectivity for exchange trading and to reduce trading center complexity and costs.

The launch of TNS’ server management product follows the announcement of the firm’s wider cloud build-out programme in February.

Jeff Mezger, vice president of product development for TNS’ financial business, says: “With our new Server Management, paired with TNS’ established colocation capabilities, we’re reducing complexity and breaking new ground by providing both infrastructure and end-to-end server management.”

Mezger adds: “Traders are racing toward cloud adoption, and with the early success of TNS Dedicated Server, TNS Cloud – Server Management now completes the package for clients who demand full systems management integration, stability and security.”

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