Source: Business Wire
Thursday, October 22, 2009 05:46 PM IST (12:16 PM GMT)
Editors: General: Consumer interest; Business: Banking & financial services, Business services, Financial Analyst, Information technology, Retailers, Telecommunications; Technology
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(BW)(VA-TNS)(TNS)Motilal Oswal Securities Strengthens Connectivity with TNS
Reston, Virginia, United States, Thursday, October 22, 2009 -- (Business Wire India) --
Indian Financial Services firm Motilal Oswal Securities is strengthening its appeal to global buy-side organisations after signing a deal with Transaction Network Services (NYSE:TNS).
By connecting to TNS' Secure Trading Extranet, Motilal Oswal Securities (MOSL), a sell-side broker, will benefit from having dedicated and secure connectivity to the international buy-side community.
Rajesh Dharamsi, Director of Institutional Trading at MOSL, said, "Before our connection to TNS, our connectivity was costly and unreliable. Now, with our connection to TNS' Secure Trading Extranet and our ability to comply with the international FIX standard for trading, we will strengthen our ability to serve the international buy-side community."
The agreement provides MOSL the opportunity to distribute a variety of trade-related messages including indications of interest, order routing, trade executions and carry out other Financial Information eXchange (FIX) and non-FIX transactions.
As a result of the deal, MOSL can now focus on international growth and connect to members of TNS' global financial community, as well as the Indian equity exchanges.
Alex Walker, Senior Vice President, for TNS' Financial Services Division, said: "We are delighted to be working with MOSL, which is one of the fastest growing sell-side organisations in India. Since MOSL is targeting rapid international growth it will surely benefit from the instant access that TNS' Secure Trading Extranet provides to a broad community of global financial institutions. Financial market participants that are connected to our network will also benefit from access to MOSL's services."
TNS' Secure Trading Extranet connects over 1,500 financial community end-points, representing buy-side and sell-side institutions, market data and software vendors, exchanges and alternative trading venues. It boasts over 115 points of presence and provides services to clients in over 28 countries across America, Europe and the Asia Pacific region, with its reach extending to many more countries.
For further information about TNS log onto www.tnsfinancial.com
About Transaction Network Services
Transaction Network Services (TNS) is an international data communications company that enables payments, money and voices to move around the world.
TNS' mission is to enable the world to transact. It does this through a broad range of networking, communications and value added services, which it provides to many of the world's leading retailers, banks/processors, telecommunications companies and financial markets.
Since its inception in 1990, TNS has designed and implemented multiple data networks, each designed specifically for the transport of transaction-oriented data. TNS' networks support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods. Today, TNS has 32 offices across 28 countries with the ability to provide services in other countries.
For further information about TNS, visit www.tnsi.com.
Statements and information contained in our press releases and newsletters that are not descriptions of historical fact may contain forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond our control, which could cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods. www.tnsi.com
CONTACT DETAILS
TNS
Clare Cockroft
Tel: +44 (0)114 292 6416
ccockroft@tnsi.com
or
Jenny Nelson
Tel: +44 (0)114 292 6458
jnelson@tnsi.com
KEYWORDS
CONSUMER, BANKING, BUSINESS SERVICES, Financial Analyst, IT, RETAIL, TELECOMMUNICATIONS, TECHNOLOGY
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