Exegy Teams Up with Global Payment Provider TNS for a New FX Platform

Market data managed services and technology provider Exegy has partnered with Transaction Network Services (TNS) to launch a new FX Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term that taps into their combined expertise.

The new offering will leverage Exegy’s Trade Port FX solution which offers a dedicated ‎FX market data and order execution gateway. The product is offered as a fully‎-managed application that delivers better network connectivity‎, lower operational costs, and order entry to major FX venues.‎

Transaction Network Services (TNS) is a global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term connectivity provider that handles more than $20 billion of transactions annually in over 60 countries.

This collaboration will allow Exegy to compete in the broad market as its installed appliances, hosted by TNS, will enable its flagship solution to deliver “single-digit, microsecond normalized FX market data from 44 live venues and order execution through a unified, FX-specific API,” the company says. TNS’ hosting infrastructure will enable Exegy to make it easier for the trading community to access vital services of Trade Port FX.

According to a joint statement, early registrants to the new platform will benefit from connections to TNS’ financial community of interest which now counts more than 2,100 endpoints globally.

“Exegy is excited to be working with TNS to create a global, state-of-the-art FX trading platform. TNS’ global presence, renowned reputation for superior customer service, coupled with Exegy’s FX market data and order execution solutions will deliver better performance, lower total cost, and a disruptive new model in the FX industry,” said Exegy Sales Director in Europe and Asia Carlos Lopez.

Bill Versen, Chief Product Officer at TNS, added: “We’re delighted to be working with Exegy to launch this new global FX trading platform. Our extensive hosting infrastructure enables us to make it easier for the trading community to access vital services, such as Exegy’s Trade Port FX solution, while gaining additional business benefits at the same time.”