UniCredit Uses TNS Network to Target Central and Eastern Europe.RESTON, Va. -- UniCredit Markets & Investment Banking can now use Transaction Network Services' (NYSE NYSE See: New York Stock Exchange :TNS TNS transcutaneous neural stimulation. ) Secure Trading Extranet, to connect with the Warsaw Stock Exchange Warsaw Stock Exchange The major securities market of Poland. . Connecting subsidiary company Bank Austria Bank Austria Creditanstalt is a Central and Eastern European bank, 96.35% owned by UniCredit Group. BA-CA's history goes as far back as 1855, the year the Creditanstalt was founded. Creditanstalt with the Warsaw Stock Exchange, via TNS' Secure Trading Extranet, will enable UniCredit Markets & Investment Banking to provide retail and institutional customers with direct market access to the emerging Polish capital market. Johannes Koller, head of brokerage and transaction management at Bank Austria Creditanstalt, said: "We approached TNS because of its established reputation as a network provider to the investment banking industry. Making the right connections and setting up efficient straight-through-trading links reinforces our service to customers and provides a platform for further growth. "We are relying on TNS and its Secure Trading Extranet to help us build fast and reliable networks with frontier markets frontier markets Securities markets in the least developed of the emerging markets. Mexico and Taiwan are generally considered emerging markets while Zimbabwe, Jamaica, and Kenya are considered frontier markets. 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' resilient and high performance infrastructure fits with the quality standards of UniCredit Markets & Investment Banking, making it the best choice for our business." Franz Bader, vice president of TNS, Central and Eastern Europe, said: "We're delighted to be welcoming UniCredit Markets & Investment Banking onto our network and helping it target the growth markets of Central and Eastern Europe. Direct market access is rapidly transforming trading and demand for these services is increasing around the world. "TNS can offer financial market participants In order to understand the financial markets it is important to identify those that participate in them. There are two basic financial market participant categories, Investor vs. Speculator and Institutional vs. Retail. managed, highly secure, low latency Low latency allows human-unnoticeable delays between an input being processed and the corresponding output providing real time characteristics. This can be especially important for internet connections utilizing services such as online gaming and VOIP - VOIP is not as important as connections, with a proven performance record. "With MiFID on the horizon, companies harnessing technology will be able to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the opportunities it offers and find compliance easier." The TNS network connects over 1,000 financial community end-points, representing more than 450 buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues. Financial institutions using TNS' network can exchange a variety of trade-related messages, including indications of interest, order routing and trade executions. Poland is one of the region's most promising emerging markets and the Warsaw Stock Exchange offers a wide range of financial instruments, including equities, bonds, investment certificates, futures and options. It lists the shares of 268 companies, with a domestic market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of almost 100 billion euros. The exchange joined the TNS Secure Trading Extranet last year. UniCredit Markets & Investment Banking is a new division of UniCredit Group, which brings together its 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 and investment banking activities under one brand. UniCredit Markets & Investment Banking maintains the largest network of all investment banks in Europe, combining enormous placement power with in-depth structuring expertise across the continent. For further information about TNS log onto www.tnsfinancial.com About Transaction Network Services Transaction Network Services (TNS) is an international 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 Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. 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' transaction solutions, please refer to 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 |
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