NEW YORK & LONDON--()--Orange Business Services - Trading Solutions, the leader in voice and electronic trading infrastructure and services for the trading communities, today announced its financial extranet TCSnet is now connected to Bolsas y Mercados Españoles (BME), the operator of all stock markets and financial systems in Spain. Chosen to provide co-location services for BME members, the Madrid based exchange is looking to capture a greater trade flow from high-frequency traders with a rapid time to market through TCSnet.
“Since connecting to TCSnet, latency on BME’s new platform SMART has reduced considerably. It also facilitates trading of all BME products based on an infrastructure that ensures the highest operational standards, including guaranteed security and reliability levels”
"Since connecting to TCSnet, latency on BME’s new platform SMART has reduced considerably. It also facilitates trading of all BME products based on an infrastructure that ensures the highest operational standards, including guaranteed security and reliability levels,” said Vicente Linares, vice president Spain, Portugal & Latin America at Orange Business Services - Trading Solutions.
TCSnet’s co-location service will be available to the Spanish market from BME’s data processing centre in Madrid. Real-time BME market data will also be accessible via this new facility. Through the new offering BME customers will receive improved services, increased robustness and security.
For many years Trading Solutions has been connecting international participants to Mercado Español de Futuros Financieros (MEFF), a subsidiary of BME that offers trading and central counterparty services for futures and options as well as central counterparty services for repos on the Spanish debt market. This latest deployment sees Trading Solutions providing a managed service solution to BME that includes proactive monitoring. The switched solution offers 10 to 50 microseconds of latency compared to 100 to 500 microseconds from routed network providers.
“Being an instrumental part of making the Spanish stock exchange one of the most accessible in the industry is very exciting for Trading Solutions. Our ability to fulfil the high expectations of MEFF’s customers ensured that we were able to play an important role in the delivery of their new project,” said Sébastien Jaouen, head of global sales at Orange Business Services - Trading Solutions.
France Telecom-Orange is one of the world’s leading telecommunications operators with 172,000 employees worldwide and sales of 45.3 billion euros in 2011. Present in 35 countries, the Group had a customer base of 226 million customers at 31 December 2011, including 147 million customers under the Orange brand, the Group's single brand for internet, television and mobile services in the majority of countries where the company operates. For more information visit: www.orange.com or www.orange-innovation.tv
About Orange Business Services
Orange Business Services, the France Telecom Orange branch dedicated to B2B services, is a leading global integrator of communications solutions for multinational corporations. With the world’s largest, seamless network for voice and data, Orange Business Services reaches 220 countries and territories with local support in an additional 166. Thousands of enterprise customers and 1.4 million users rely on Orange Business Services international platform for communicating and conducting business. Learn more at www.orangebusiness.com
About Orange Business Services - Trading Solutions
a single source of innovation.
Orange Business Services - Trading Solutions (Trading Solutions) is a leading provider of convergent voice and electronic trading infrastructure and services for the trading communities. It is an international subsidiary of the Orange Group, employing over 450 people in the major financial centres across the globe including Beijing,
Frankfurt, Geneva, Hong Kong, London, Madrid, Milan, New York, Paris, Shanghai, Sydney, Singapore, Tokyo and Zurich. The company is supported by a global partner network of distributors in 50 countries offering customers 24/7 service.
Trading Solutions has more than 45 years' experience of working with the financial services trading industry. Focusing on building long-term partnerships with customers, the company brings innovative solutions and the highest quality services to the trading community. It provides optimised solutions over its dedicated trading network to a community of more than 2,000 network member organisations, encompassing buy-side and sell side institutions and trading venues.
Trading Solutions also offers flexible trading products and services including state of the art, unified voice trading solutions. Its next generation Open Trade turrets feature programmable user interfaces, touchscreens and voice/instant messaging recording solutions. Open Trade was named 'best innovation by an IT or software firm' in the trading and execution category in the FOW Awards 2011 and Trading Solutions was recognised as a Financial-i 'leader in innovation' two years running in 2010 and 2011, for its IP network offering.
France Telecom (NYSE:FTE) is listed on Euronext Paris (compartment A) and on the New York Stock Exchange.
Orange and any other Orange product or service names included in this material are trademarks of Orange Brand Services Limited, Orange France or France Telecom.