TNS Launches hosting and trading Services in JSE

July 12, 2022 – Transaction Network Services (TNS), a provider of infrastructure, connectivity, market data and analytic services for the Financial Markets community is now directly connected to the Johannesburg Stock Exchange (JSE) from within the JSE colocation facility, providing managed hosting services, Layer 1 order routing and market data connectivity.

TNS will serve as a vendor of record for South Africa’s principal stock exchange, offering JSE market data and order entry access to key equities and derivatives markets in Europe and the US.

“We are able to deliver market data to any location globally via our high availability backbone, minimizing network latency and packet loss,” said Jeff Mezger, TNS’ Vice President of Product Management.

“Combining JSE colocation with TNS’ low latency network enables our clients to directly access this additional equities and derivatives market, alongside the comprehensive European and US exchange connectivity we already provide. Our offering provides lower overall costs compared to a DIY approach, thanks to the TNS’ mutualized exchange connections and our status as a registered data vendor with the exchange. This allows trading firms to focus on their core business instead of diverting the attention of internal resources to maintain an extensive infrastructure.”

JSE operates the main equities and derivatives markets in South Africa and is the listing exchange for multinational companies such as Glencore, British American Tobacco, Investec and Vodacom Group. These companies and others make up the FTSE/JSE Top 40, the leading stock index in South Africa. In addition to the equities market, JSE operates a derivatives exchange offering equity index futures, currency futures, interest rate futures and commodity derivatives.