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Transaction Network Services (TNS) has added connectivity to the Japan Alternative Market (JAX) to its Asia-Pacific infrastructure, providing customers with direct access to the trading venue's market data feeds through its global network.
JAX, which commenced operations in December 2024, represents a new equities trading venue in Japan's financial markets. The connectivity enables global firms to integrate JAX market data into their trading and analytics systems.
Jeff Mezger, Vice President of Product Management, TNS
Jeff Mezger, Vice President of Product Management, TNS, said:
"The rise of alternative trading venues like JAX represents a significant shift in the Asian financial landscape. JAX is a compelling success story, and by making its market data available to our global customer base, we are helping to lower the barriers to entry for firms looking to capitalise on this competitive shift."
Asian exchanges typically require bespoke broker connections for order routing and clearing. TNS addresses market data access through its extranet, which comprises over 5,000 endpoints for local broker access. Firms can view JAX market data alongside other major exchanges via TNS' low latency managed global network.
A JAX spokesperson said:
"Partnering with TNS provides JAX with a direct link to a broad, international community of market participants. Their global infrastructure and deep experience in market connectivity supports JAX's continued growth as we build a more competitive trading environment in Japan."
The JAX integration forms part of TNS' investment in expanding its APAC presence and delivering low-latency market data to customers. TNS' Japanese exchange portfolio includes Japannext, Tokyo Financial Exchange (TFX) and the Japan Exchange Group (JPX), which encompasses the Tokyo Stock Exchange (TSE), Osaka Exchange (OSE), and Tokyo Commodity Exchange (TOCOM).
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