TNS is widely recognised as one of the world’s leading FIX-enabled networks for electronic trading.
Mike Hastings, VP, Technology Infrastructure, Tora
Tora Enhances Connectivity with TNS
Background
Founded in 2004, Tora is the recognized leader in electronic trading systems and access to liquidity for Asia. The TORA Compass trading platform is the most comprehensive multi-broker electronic trading platform focused on Asia with 75 Asian brokers, 24 markets, 14 countries, and over 150 algorithmic trading strategies to trade equities, stock futures and options, index futures and options, warrants, convertible bonds, swaps and other synthetics, all on one platform.
Business Challenge
Tora wanted to enhance its TORA Compass™ trading platform and the connections to its clients and brokers in Asia, Europe and US with high capacity, fast, secure and reliable FIX-enabled trading connectivity.
Solution
Tora has appointed Transaction Network Services (TNS) to provide fully-managed, low latency trading connectivity for brokers and clients via TNS’ Secure Trading Extranet.
Tora has established a significant number of broker connections to TNS’ extranet service, accounting for 50% of the organisation’s total network. TNS has also provided several customised connectivity packages to meet the specific requirements of key Tora clients. The Tora-TNS business relationship allows financial organisations already connected to the TNS network to establish links with TORA Compass.
TNS’ Secure Trading Extranet connects over 1,500 financial community end-points, representing buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues. It boasts over 120 points of presence and provides services to customers in 28 countries across the Asia Pacific region, America and Europe, with its reach extending to many more countries.
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