TNS - Transaction Network Services Inc.

09/09/2024 | News release | Distributed by Public on 09/09/2024 07:44

Gain Access to all US Equity Options with TNS, Blog

The global equity options trading landscape is booming. In 2023 alone, equity options volume surged by a staggering 98%, with open interest in options rising 18% to 955 million contracts. The increased popularity of options trading can be attributed to factors such as advancements in network connectivity, broader financial market developments such as the rise of cryptocurrencies and artificial intelligence, and innovations in technology infrastructure.

The need for speed and reliability is pushing the industry to create new marketplaces with faster connections and more robust systems. To keep up with these demands, institutional traders must embrace the industry-specific, custom-built connectivity and networking solutions that a trusted and proven managed service provider can offer.

This is where TNS comes in. We eliminate complexity by offering access to all US equity options exchanges through a single, reliable network. TNS boasts one of the fastest commercially available fiber networks in the New York metro area, offering connectivity to all 18 equity options exchanges in the US.

Our dedicated operations teams ensure network optimization through a blend of high capacity, ultra-low latency, and maximum uptime delivered via fully diverse circuits. Dark fiber connectivity gives traders ultra-high-speed access to real-time, full depth of book, raw market data feeds.

TNS' latest expansion in equity options includes connectivity and market data support for the newly launched MIAX Sapphire™ Options Exchange. MIAX Sapphire, MIAX's fourth US multi-listed options exchange, will provide both electronic trading and a physical trading floor in Miami, Florida.

What does this mean for institutional traders?

1. Comprehensive Market Access

With the addition of MIAX Sapphire, traders can now enjoy even broader market coverage, enabling them to trade across all 18 US equity options exchanges.

2. Enhanced Market Data Services

With access to MIAX Sapphire's market data, institutional traders can make informed decisions based on real-time information, helping to gain a competitive edge in the market.

3. Reliable Infrastructure

With a global presence and 24x7x365 monitoring by TNS' Network Operations Centers, customers can rely on TNS for secure, stable, and resilient connectivity.

4. Streamlined Operations

A managed service approach that streamlines the process for customers, providing a hassle-free experience by taking care of everything from connectivity to market data support, enabling institutional traders to concentrate on their core activities.

TNS customers can accessthe following US equity options exchanges:

  • BOX
  • CBOE
    • CBOE BZX Options
    • CBOE C1
    • CBOE C2
    • CBOE EDGX Options
  • MEMX Options
  • MIAX
    • MIAX
    • MIAX Emerald
    • MIAX Peral
    • MIAX Sapphire
  • Nasdaq
    • Nasdaq BX Options
    • Nasdaq GEMX
    • Nasdaq ISE
    • Nasdaq MRX
    • Nasdaq Options Market
    • Nasdaq PHLX
  • NYSE
    • NYSE American Options
    • NYSE Arca Options
  • OPRA

With TNS, traders can confidently and efficiently navigate the US equity options market. For more information, visit tnsi.com/solutions/financial/.

Jeff Mezger is Vice President of Product Management at TNS with responsibility for its managed services for the financial industry. He oversees product development and strategy for market data, online and data center services.