Transaction Network Services (TNS) is expanding access to US equity options with connectivity and market data support for the newly launched MIAX Sapphire Options Exchange.
TNS will provide market data and order routing access to customers in an ultra-low-latency trading environment. With the addition of MIAX Sapphire, traders using TNS can now gain access to all 18 US equity options exchanges.
Tom Lazenga, general manager, TNS Financial Markets, said: “TNS’ managed service approach streamlines everything from connectivity to market data support, allowing institutional traders to focus on their core activities.”
MIAX Sapphire will be MIAX’s fourth national securities exchange for US multi-listed options and will operate both an electronic exchange and physical trading floor to be located in Miami, Florida.
Matthew Rotella, executive vice president and chief technology officer of MIAX, said: “The launch of the MIAX Sapphire electronic exchange will be followed by the opening of a state-of-the-art physical trading floor in Miami in 2025 which will allow our market participants to access 100% of the multi-listed options market.”
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