Printer Friendly
The Free Library
14,598,536 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

TNS Enters Polish Market; TNS Secures Three-Year Deal to Transmit Transactions Data for the Warsaw Stock Exchange.


RESTON, Va. -- Transaction Network Services (TNS TNS

transcutaneous neural stimulation.
) (NYSE NYSE

See: New York Stock Exchange
:TNS) has expanded into Poland with the award of its first stock exchange contract in Central and Eastern Europe The term "Central and Eastern Europe" came into wide spread use, replacing "Eastern bloc", to describe former Communist countries in Europe, after the collapse of the Iron Curtain in 1989/90. . TNS, one of the world's leading providers of secure data and voice network services to the global financial community, operates a network with 96 points of presence 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 and Asia-Pacific.

In a three-year contract, the Warsaw Stock Exchange Warsaw Stock Exchange

The major securities market of Poland.
 has appointed TNS to transport data between the exchange and its members using TNS' Secure Trading Extranet.

The contract will allow traders, especially remote exchange members, to connect to the Warsaw Stock Exchange quickly and easily.

Wieslaw Rozlucki, President of the Warsaw Stock Exchange explains: "The TNS network provides a secure and reliable connection which offers benefits to all of our members. It can be accessed by members using various applications, irrespective of irrespective of
prep.
Without consideration of; regardless of.

irrespective of
preposition despite 
 whether they are based on the Financial Information eXchange (FIX) protocol.

"With the installation of the TNS network, we are offering members flexibility to communicate quickly with any participating trading partner. It is our belief that this solution, among others, will make the Polish market an even more effective and liquid trading environment, foster further development of the Exchange itself and bring WSE WSE Web Services Enhancements (Microsoft)
WSE Warsaw Stock Exchange (Warsaw, Poland)
WSE Symposium on Web Site Evolution (IEEE International Symposum) 
 new members and investors from Europe."

TNS' Secure Trading Extranet supports straight through processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages.  between trading partners globally including banks, financial institutions and brokerage houses. To support the contract, TNS has established an operations base in Poland.

Rainer Zettl, managing director, TNS (Germany), said: "We are delighted to be working with the Warsaw Stock Exchange. This endorsement reflects the confidence of Central and Eastern Europe's largest public securities trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the  body in the TNS network.

"Increasingly customers are choosing TNS' Secure Trading Extranet to achieve counterpart connectivity. This is established within three days and once established gives lower communications costs, faster message delivery and reduced operational risk through fault tolerant The ability to continue non-stop when a hardware failure occurs. A fault-tolerant system is designed from the ground up for reliability by building multiples of all critical components, such as CPUs, memories, disks and power supplies into the same computer.  and secure infrastructure."

Franz Bader, vice president, TNS (Central and Eastern Europe) added: "Poland is the first of many new territories in which we are establishing points-of-presence as we expand the TNS network. Central and Eastern Europe has seen a number of changes in recent years and we have set up a dedicated team to focus on this market. Our new points-of-presence combined with our secure network and operating base in Poland will act as a springboard from which to grow business within Central and Eastern Europe and with other exchanges on the Continent."

As part of TNS' expansion into Central and Eastern Europe, it has established two diverse points-of-presence in Warsaw which will provide fully fault tolerant and redundant connectivity for TNS' clients, including the Warsaw Stock Exchange. These hubs will allow customers to link to TNS' Secure Trading Extranet and route transactions across the TNS network.

TNS' Secure Trading Extranet is one of the world's largest financial communities of interest with more than 1000 connected end-points. It enables participants to submit indications of interest (IOIs), route orders, execute trades, access trading applications, exchanges and ECNs, and perform other FIX and non FIX-based transactions.

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 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.  and internationally, and TNS' network has become a preferred network servicing the trading community, wireless and wire line 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.tnsi.com

WSE

The Warsaw Stock Exchange (www.wse.com.pl) began activity in its present form on April 16, 1991, starting from the very beginning with electronic paperless trading. However, capital market traditions in Poland go back to 1817, when the Warsaw Mercantile Exchange was established. The Warsaw Stock Exchange operates based on the Law on Public Trading in Securities of August 21, 1997 (as amended), under the supervision of the Polish Securities and Exchange Commission (www.kpwig.gov.pl).

In 2004, 36 new companies got listed on the WSE. In 2005, already 15 new companies have debuted on the Exchange. Today, the Exchange lists shares of 236 domestic and 6 foreign companies. The domestic companies' market capitalisation Noun 1. market capitalisation - an estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share
market capitalization
 exceeds Euro 50 billion. The Exchange also runs a derivatives market The derivatives markets are the financial markets for derivatives. The market can be divided into two, that for exchange traded derivatives and that for over-the-counter derivatives. , offering a wide range of equity-based derivatives (index and stock futures, index options), as well as T-notes and currency contracts.

For more information on the Warsaw Stock Exchange, please contact: Dariusz Marszalek (dariusz.marszalek@wse.com.pl) or Monika Matlak (international@wse.com.pl).

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 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. 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.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jun 6, 2005
Words:903
Previous Article:Patton Announces VoIP Business Solution for 12 to 32 FXS Calls.
Next Article:Maxim, Stuff and Blender Magazines Join Borgata Hotel Casino & Spa to Present an All-Access Party Hosted by P. Diddy; Featuring Live Performances by...



Related Articles
PayPoint Appoints Transaction Network Services in Multi-Year Dial-up Contract.
CF Global Trading Turns to TNS for Secure Trading Intranet.
Delta Lloyd Securities Connects with TNS.
Raiffeisen Centrobank Appoints TNS to Connect to Warsaw Stock Exchange; TNS Appoints Transaction Network Services to Support Central and Eastern...
Blue System and Transaction Network Services Ink Three-Year Marketing Collaboration Agreement.
TSX Datalinx and Transaction Network Services Announce Managed Network Provider Arrangement; TNS' Secure Trading Extranet Allows TSX Equity Exchanges...
TNS Celebrates 2005 as Year of Significant Growth for Financial Services Division; Company is Leading Provider of Buy-Side FIX Networks According to...
TNS Enters Czech Republic with Wood & Co.(Company overview)
National Stock Exchange Selects Transaction Network Services for Enhanced Trading Technology.
TNS Helps Suprema Connect with New Markets.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles