CF Global Trading Turns to TNS for Secure Trading Intranet.RESTON, Va. -- Transaction Network Services (TNS TNS transcutaneous neural stimulation. ) (NYSE NYSE See: New York Stock Exchange :TNS) today announced the launch of its wide area network (WAN) services in a new contract with London-based international brokerage firm CF Global Trading. The deal will see TNS provide connectivity between CF Global Trading's three offices in London, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of via its IP network. In a move to combine its IT onto an IP-based platform, the new WAN will support the firm's trading infrastructure, including email traffic. CF Global Trading, which provides an outsourced trading desk Trading Desk A desk where transactions for buying and selling securities occur. Trading desks can be found in most organizations (banks, finance companies, etc.) involved in trading investment instruments such as equities, fixed-income securities, futures, commodities and foreign service for hedge funds, was established in 2000 and now employs more than 20 people worldwide. Already linked to TNS' Secure Trading Extranet, CF Global Trading routinely submits indications-of-interest, executes trades and performs transactions via the fast, secure and reliable network. Scott Chace, managing partner at CF Global Trading, explained: "Our experience of TNS in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with both FIX connectivity and the Secure Trading Extranet has been extremely positive. By consolidating our systems onto IP and our intra and extranet with TNS we are maximizing efficiencies across our offices and strengthening our global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. ." Privately owned and dedicated to the financial community, TNS' Secure Trading Extranet is one of the world's largest FIX-enabled financial communities of interest with 960 end-points that provide access to more than 400 global financial institutions. It comprises 96 points-of-presence in 13 countries across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Asia, Australasia and Africa. Alex Walker Alex Walker (born 25 April 1984 in Bellshill) is a Scottish professional footballer. He currently plays for Scottish Football League club Greenock Morton as a midfielder. Before joining Morton he played for Clyde and Rangers. , Vice President, financial markets commented: "We are delighted that CF Global Trading has extended its relationship with TNS by appointing us to provide and manage a new wide area network. For CF Global Trading, like others within the financial community, real time information and an efficient flow of communication is essential to allow quick and informed decisions to be made. "In order to cement our position at the forefront of the industry and to meet the changing needs of the financial community, we have extensively reviewed and evaluated the range of services we provide. By deploying TNS' IP network for broader applications such as wide area networks, market data distribution and trader voice services we can help our customers to achieve their goal of seamless straight-through-processing and comply with new regulatory requirements." About Transaction Network Services Transaction Network Services is one of the leading providers of business-critical, cost-effective data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. services for transaction-oriented applications. TNS provides rapid, reliable and secure transaction delivery platforms to enable transaction authorisation and processing across several vertical markets and trading communities. 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. TNS' network technologies have been deployed in the United States and internationally, and TNS' networks have become preferred networks servicing the trading community, wireless and wireline carriers, and the card processing and dial-up automated teller machine automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. markets. For further information about TNS' transaction solutions, please refer to www.tns-international.com. The statements and information contained in this press release 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 TNS' 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. TNS disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release. |
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