Broadridge Financial Solutions has integrated its global futures and options SaaS platform with infrastructure provider Transaction Network Services (TNS) in an effort to simplify market data management and reduce clients’ operational risk.
Through the partnership, Broadridge’s futures and options platform will gain global exchange connectivity for order routing, reduced implementation costs and market data access as the vendor of record. Futures commissions merchants will also see faster time to market.
TNS has access to more than 130 exchanges worldwide, covering 25 countries. Within its infrastructure-as-a-service portfolio, it offers connectivity, cloud, market data and VPN solutions.
Commenting on the announcement, Mike Johnson, general manager of futures and options at Broadridge Trading and Connectivity Solutions, said: “With the addition of TNS, futures commission merchants and agency brokers will now have access to simplified market data while benefiting from reduced implementation costs and improved time-to-market.
“We are committed to providing globally resilient solutions for our clients. This integration enhances our software offering and aligns with the growing industry trend where clients are moving away from hosting their own trading infrastructure.”
Tom Lazenga, general manager at TNS Financial Markets, added: “[The] collaboration underscores TNS’ commitment to providing fast and resilient connectivity solutions, specifically designed and engineered to address the needs of the financial services industry worldwide.
“We are proud to support Broadridge in delivering a global source of exchange market data and infrastructure, helping their clients achieve greater efficiency and effectiveness in their trading activities.”
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