Australia's Transaction Network Services (TNS) is now offering hosting and colocation services from the country's main exchange-owned data center.

TNS' Managed Hosting Service is now available at the Australian Liquidity Centre (ALC) in Sydney which is owned by the Australian Securities Exchange (ASX).

David Raper, executive general manager, trading services at ASX, comments, “We're delighted that TNS has chosen to make its Managed Hosting Service available at the ALC.

“We're confident that as a leading provider of services within the global financial markets TNS will be an asset to us as we look to develop and grow the number of participants and their service providers on our markets.

Alex Walker, executive vice president and managing director of TNS' Financial Services Division, says, “With global trading demands ever increasing we are delighted to be establishing a Managed Hosting Service in the ALC.

“The service positions TNS as a fully managed one-stop provider for trading firms looking to compute, co-locate and connect within this strategically critical trading hub."

“We're looking forward to our part in growing liquidity on ASX and ASX24 by providing this Managed Hosting Service to firms who don't have IT resource in off-site locations and who want to eliminate capex while at the same time establish their trading servers and technology close to these markets.

TNS also expects to see firms based in other Australian data centers to show an interest in its new service at ALC as a way of reducing latency, and also for overseas firms to be keen to test the Australian market.

Walker adds, “In addition to providing hosting, co-location and the initial connectivity required, once a customer comes on board with us they can quickly and easily reach other members of our 2,000+ strong financial community which spans the Americas, Europe and Asia Pacific region.

TNS' Managed Hosting, Colocation and Connectivity Service aims to remove the burden of maintaining multiple vendor relationships by offering a single supplier agreement.

A variety of options are available, including shared rack and dedicated full rack space, scalable power to match hardware needs and the ability to choose a preferred operating system.

Walker continues, “On-net customers can typically establish connections within just three days.

“This means Australian financial market participants can use TNS to trade locally but also reach other key markets such as Hong Kong, Singapore, Taiwan, Japan, the US and UK, as well as many others.