John Owens, VP of Exchanges and ECNs, TNS
"We are very excited to be bringing Aquis Exchange into our financial cloud."
London - Transaction Network Services (TNS) and Aquis Exchange, the new MTF, are working together to provide connectivity for customers requiring to trade within the European equities market.
Aquis Exchange's highly differentiated subscription pricing works on a similar model to that of the telecoms industry and is designed to encourage participation from all types of trading firms. To help Aquis Exchange meet its objectives, TNS is providing its managed network service.
Commenting on the agreement, Aquis Exchange CEO Alasdair Haynes said: "Successful trading is all about having a strong ecosystem and enabling as many entities as possible to connect and do business with each other. We are very pleased to be working with TNS not least because of their cost-effective infrastructure model but also for their excellent reputation for service delivery and operational management. Working with TNS, we hope to give users a high quality and broader range of connectivity options".
John Owens, TNS' VP of Exchanges and ECNs, said: "We are very excited to be bringing Aquis Exchange into our financial cloud. With the addition of Aquis Exchange, we can offer permitted participants secure, high availability and rapidly deployable connectivity services so that they may manage their pan-European trading cost efficiently through Aquis Exchange's unique subscription based pricing model."