Linedata Chooses Transaction Network Services

Thursday 27 January 2005 00:54 CET | News

Transaction Network Services, have been selected by Linedata Services to provide a specialized trading network for its order management system (OMS).

LongView LyNX is Linedatas new full service electronic trading package, which includes Financial Information eXchange (FIX) connectivity and broker certification services, as well as monitoring and support services for LongView Trading customers. With significant understanding of the needs of the buy-side, Linedata selected TNS as the optimal network provider for its LongView LyNX product. With more than 950 endpoints, TNS Secure Trading Extranet is widely recognized as one of the leading global networks for electronic trading. LongView LyNX offers customers a simplified process to extend the functionality of their OMS and meet electronic trading requirements. It offers seamless connectivity to the sell-side through Linedatas fully integrated and supported FIX network, providing the security and speed of a point-to-point network, but with the low maintenance of a hub-and-spoke system. LongView LyNX covers the straight through processing (STP) cycle from indications of interest (IOIs) to execution to post trade processing for all asset types. TNS Financial Service Division (FSD) provides a mission critical network that offers rapid connectivity and secure transmission of both voice and data for the institutional financial services industry. Useof the TNS Secure Trading Extranet enables traders to complete instantaneous transactions without the potential latency and security risks associated with Internet based trading applications. In addition to FIX, TNS supports a variety of IP protocols and has the ability to build connectivity rapidly, in many instances in as little as three days. FSD is one of four business divisions at TNS. The other divisions are the Point-of-Service (POS) Division, International Services Division (ISD) and the Telecommunications Services Division (TSD).

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Categories: Payments & Commerce | Payments General
Countries: World
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