Transaction Network Services (TNS) has been connected to Borsa Istanbul (BIST) as a market data vendor.
The connectivity opens up access to Turkey’s sole exchange with order routing and market data connectivity to the BIST matching engine in Istanbul.
According to TNS, this will allow TNS’ customers to capitalise on trading activities in Turkey’s growing market.
BIST was created by combining the former Istanbul Stock Exchange (ISE), which trades equities and securities on Turkish companies, the Istanbul Gold Exchange, which trades precious metals, and the Derivatives Exchange of Turkey, which trades equity index futures, foreign exchange futures and precious metals futures.
Under the new agreement, TNS can deliver the BIST market data to any location globally with minimal network latency.
TNS’ low latency network enables clients to access BIST alongside the European, US and Asia Pacific exchange connectivity already provided.
TNS offers a range of connectivity, colocation, cloud, market data and virtual private networks solutions within its infrastructure as a service portfolio.
Jeff Mezger, vice president of product management, financial markets at TNS, says: “Our latest exchange connection allows TNS to provide access to approved recipients, including exchange members and market data vendors. This project includes market data for BIST’s equities, as well as the futures and options markets, and increases the number of market data feeds we now offer globally to over 330.”
