TNS now connected to Tel Aviv Stock Exchange as market data vendor
Transaction Network Services (TNS) is now connected to Tel Aviv Stock Exchange (TASE), as a market data vendor. Opening up access to Israel’s sole exchange, with order routing and market data connectivity to the TASE matching engine in Tel Aviv, allows TNS’ customers to capitalize on trading activities in this growing market.
Under the new agreement, TNS can deliver TASE market data globally via a high availability backbone with minimal network latency. TNS’ low latency network enables clients to access TASE alongside the comprehensive European, US and Asia Pacific exchange connectivity already provided.
“This latest exchange connection allows TNS to provide access to approved recipients, including exchange members and market data vendors,” said Jeff Mezger, TNS’ Vice President of Product Management, Financial Markets. “This project includes market data for TASE’s equities and increases the number of market data feeds we now offer globally.”
TASE is the listing exchange for Israeli companies, including The TA-35, the main stock index consisting of 35 Israeli companies. TASE is also home to a derivatives market including equity index derivatives (such as TA-35 index futures), FX derivatives and equity options. In 2021, daily turnover on TASE for equities was US$581 million, up from $540 million in 2020.