TNS Launches Market Data Monitoring Solution

With market data costs an increasingly noisy subject in financial markets, Transaction Network Services (TNS) has launched a new tool aimed at helping firms rationalise their market data costs.

The new service, the Data Usage Optimiser (DUO), generates market data usage reports that identify where subscription fees can be reduced by targeting unused data feeds, the firm explains, adding this allows firms to see which employees have not used specific data feeds.

The firm has also packaged this service into a wider offering, TNS Market Data as a Service, which it says provides agnostic market data application managed infrastructure, hosting, and feed support services. This includes support for any market data application or consolidated feed, with integration to client systems and proactive monitoring and alerting.

“TNS Market Data as a Service is the only vendor agnostic turnkey solution for global market data, including hardware, hosting, connectivity, application management, and administration,” claims Cia Fatemi, the newly appointed global head of sales for market data services at TNS. “The comprehensive data monitoring and management provides clients with full network visibility, including intelligence on performance, which enables issues to be identified and resolved swiftly.

“Combined with the capabilities of our newly announced DUO solution, which provides clear visibility of the data feeds in active use, TNS can now help buy and sell side firms streamline market data costs and improve infrastructure monitoring and productivity,” he adds.