Global network and infrastructure-as-a-service pioneer TNS announced a partnership with Blue Ocean Technologies (BOT), owner and operator of the Blue Ocean ATS, a global alternative trading system (ATS) that will open from 8:00 p.m. EDT until 4:00 a.m. EDT: 00:00 a.m. EDT.
Blue Ocean ATS will leverage TNS’ robust network backbone and dark fiber to handle increased traffic, automated connectivity and rapid global growth. Last October, Blue Ocean Technologies implemented its vision in the capital markets industry with the launch of the Blue Ocean ATS, one of the first platforms to offer real-time access and US stock trading capabilities to investors looking to trade outside of traditional US stock exchange hours.
TNS’ ultra-low latency private cloud-based network ensures connectivity and compliance for investors in multinational regulatory environments. For Blue Ocean ATS, this provides additional security and compliance coverage and overcomes the tight limitations of pre- and post-market US equity exchange exposure for brokers, dealers and market makers around the world.
“Investors across all time zones want to capitalize on real-time market developments, and TNS’s infrastructure provides the touchpoints, orchestration resilience and international connectivity – particularly in Asia Pacific,” said Matthew Horisk, BOT’s chief operating officer and CIO. “TNS has global access, the ability to adapt to new regulations, and the redundancy capabilities for disaster recovery to grow our business.”
Liquidity and pricing absent from previous overnight trading solutions is now possible using the TNS network and managed service platform. The security of the private network and its access to all public clouds, consistency in regulatory and regulatory compliance, redundancy and recovery capabilities, and globally localized customer service made TNS the best candidate for this important step in Blue Ocean Technologies’ growth.
“The investment community’s growing demand for 24-hour stock trading has been held back by concerns about low liquidity and limited network capacity,” said Rick Gilbody, head of North America sales at TNS Financial Markets. “Because the Blue Ocean platform is hosted on the global TNS backbone and cloud-enabled, this is a true paradigm shift with the introduction of real-time, industrial-grade trading on Blue Ocean’s ATS.”
TNS brings together over 2,800 financial community endpoints, backed by a global footprint of 125 locations. Designed and developed specifically to meet the needs of financial market participants worldwide, TNS offers a range of connectivity, colocation, cloud, market data and VPN solutions within its Infrastructure-as-a-Service (IaaS) portfolio. Its solutions are monitored 24x7x365 from TNS’ Network Operations Centers in the US, UK, Australia and Malaysia.
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