FOREX TECHNOLOGY
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trading activities. “Customers are trying to figure out how you get this access. It is difficult to negotiate the connectivity and try to find out the right context and people. We often do that on behalf of customers and actually if they request the information they say – we really need this can you figure out how to do it,” explains Schwartz.
TNS’ Extreme, a managed direct-connect service, enables its customers to connect directly to a desired data source. TNS customers can also obtain access to a desired data source via an extranet connection. “Ten we have customers who are in the same building as a desired feed or data source but do not know how – or have the manpower – to obtain a connection. In those cases we have services where we hand customers a network connection and they plug into our network, obtaining virtually a direct connect to the source,” says Schwartz.
Sreekrishna Sankar “We provide access with additional headroom
so we can actually change or modify a client’s service within a matter of days, allowing them to respond more quickly to new business requirements, and making them more competitive,”
But you can not do this for everything, because it is financially impossible,” says Schwartz.
Schwartz adds that the capacity of managed services providers to instantly provide connectivity to FX trading services is “critical”, given the vital importance of low-latency trading. “Opportunities do not last forever. Te FX market is rapidly growing and that brings challenges to traders and those looking for the data of where some of these locations are. It can be very difficult to get access to this information, particularly directly,” says Schwartz.
Expanse and breadth
Schwartz also points out that the logistics of obtaining access to high-speed and reliable data sources in less developed and remote markets is particularly challenging for small and medium-sized FX trading firms that do not have the technological resources and infrastructure of their larger rivals.
TNS scrutinises the new trends emerging in the FX markets in order to anticipate – and meet – the needs of customers looking to widen the scope of their
118 | april 2012 e-FOREX
Sankar of Celent points out that managed network service providers can enhance the provision of market data services to their clients by collaborating with trading platforms which offer co-located data centers to improve market participants’ ability to execute and alter trading strategies in real-time.
Neil Cresswell
“I think that is going to be the direction that we will be taking in the future. Packaging applications and infrastructures tools as a service to the broader financial services community.”
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