TNS establishes colocation services at B3 28 November 2023Brazil Reporter: Jack McRae
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Transaction Network Services (TNS) has announced colocations with B3, Brazil’s largest stock exchange.
The colocation services allow for seamless connectivity for TNS’ global solutions for finance markets through the company’s ultra-low latency trading network.
The collaboration means TNS can now offer managed hosting, market data and exchange access services for B3.
TNS has had an office in Brazil since 2019 and has been working with the B3 exchange since 2021.
Close to 500 companies are listed on the B3 exchange and economic growth in Brazil has accelerated with a projected GDP increase of 3.2 per cent in 2023.
Jeff Mezger, TNS’ vice president of product management for financial markets, says: ““The challenge of acquiring and installing hardware in Brazil, a process that often spans several months, is bypassed with TNS. With pre-established data center equipment on-site that is fully operational, we can deliver our full suite of services immediately, reinforcing our commitment to empowering global traders with unparalleled efficiency and access.”
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