Ferenc Pittner, Deputy CEO, Budapest Stock Exchange
Through our connection to TNS’ global Secure Trading Extranet, we are now able to offer the most flexible and cost efficient connectivity to our new and existing clients – a vital factor for the continued success of both the Exchange and our clients.
TNS Expands Eastern European Reach with Connection to Budapest Stock Exchange
The Hungarian Stock Exchange, the ancestor of today’s Budapest Stock Exchange (BSE) started its operation in 1864. Following World War II, after the nationalisation of the majority of private Hungarian firms, the government officially dissolved the Budapest Stock and Commodity Exchange, and the exchange’s assets became state property. After its re-establishment in 1990, the BSE re-opened its doors with 41 founding members.
The Budapest Stock Exchange (BSE) traditionally used managed leased lines to connect to remote traders around the world – a complicated, expensive and time consuming process. They needed a way to deliver fast, secure and reliable fully managed electronic trading to improve services to their clients.
Transaction Network Services (TNS) has been appointed as the first ever extranet provider to support the Budapest Stock Exchange with client connectivity services, following its connection to TNS’ Secure Trading Extranet.
TNS will provide low latency, cost effective and resilient connectivity to both new and existing BSE clients. The deal also provides the BSE with opportunities to connect quickly and easily to other members of TNS’ global community – a capability that will support the growth aspirations of the Hungarian exchange.
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