TNS launches latest data product 04 December 2024US Reporter: Clelia Frondaroli
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Transaction Network Services (TNS) has launched a new data usage optimisation product, designed to aid buy side and sell side companies to reduce market data costs.
The solution, known as the Data Usage Optimiser (DUO), generates market data reports that pinpoints unused data feeds, which is said to help reduce subscription fees by turning off access to them.
Commenting on the launch, Tom Lazenga, general manager at TNS Financial Markets, states: “Market data feeds carry a cost whether they are actively used or not. Over time, managing these feeds has also become increasingly complex. DUO is a new unique solution that simplifies this process and can help firms achieve significant cost savings.”
Cia Fatemi, TNS global head of sales for market data services, adds: “The comprehensive data monitoring and management provides clients with full network visibility, including intelligence on performance, which enables issues to be identified and resolved swiftly.”
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