Imported from previous forum
7 June, 2007 - Baltic investment bank Suprema Securities is expanding its brokerage services after signing a deal with financial connectivity provider Transaction Network Services (TNS), to use its proprietary IP network to access the Warsaw Stock Exchange.
A fully managed connection to TNS’ Secure Trading Extranet will help Suprema Securities achieve its vision of becoming one of the key players in the Pan-Baltic financial markets.
The deal also benefits organisations already linked to TNS’ Secure Trading Extranet because, as well as being able to use Suprema Securities to access the Warsaw Stock Exchange, they will be able to use the investment bank’s other services, including trading on the Tallinn, Riga and Vilnius exchanges.
Taavi Kainel, production and IT infrastructure manager at Suprema Securities, explained: “We aim to expand our business by building on our established operation in the Baltic states, with strong links outside the region.
“Poland’s fast developing economy is attracting investment on a global scale, making it one of eastern Europe’s most important capital markets. Connecting to TNS’ extranet makes us part of this activity, allowing us to provide brokerage services to domestic and foreign clients trading with its premier association, the Warsaw Stock Exchange.
“Being part of TNS’ financial community of interest will also offer us many opportunities for further expansion, which we hope to capitalise on in years to come. “
Founded in 1993, Suprema Securities has offices in Tallinn, Riga, and Vilnius, the capitals of Estonia, Latvia and Lithuania respectively. It employs more than 70 staff, providing corporate finance, equity sales, trading and asset management services.
Alex Walker, vice president (international) at TNS’ Financial Services Division, said: “We’re delighted to be helping Suprema Securities expand its brokerage services and establish links with the Warsaw Stock Exchange.
“Fast, secure and reliable connections are the back bone of modern electronic trading and can help financial institutions achieve a commanding position, particularly as new markets open. Because of this, we are seeing increasing numbers of enquiries from eastern European organisations, aiming to capitalise on advanced technology, such as extranets.”
TNS’ Secure Trading Extranet connects over 1,000 financial community end-points, representing more than 450 buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues. It boasts over 100 points of presence covering 30 countries globally.
Financial institutions using TNS’ network can exchange a variety of trade-related messages, including indications of interest, order routing and trade executions.
Security is paramount, with high-value transactions protected by access validation, end-to-end encryption and secure points-of-presence.
For further information about TNS log onto www.tnsfinancial.com
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About Transaction Network Services
Transaction Network Services is one of the leading providers of business-critical, cost-effective data communications services for transaction-oriented applications. TNS provides rapid, reliable and secure transaction delivery platforms to enable transaction authorisation and processing across several vertical markets and trading communities.
Since its inception in 1990, TNS has designed and implemented multiple data networks, each designed specifically for the transport of transaction-oriented data. TNS’ networks support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods. TNS’ network technologies have been deployed in the United States and internationally, and TNS’ networks have become preferred networks servicing the trading community, wireless and wireline carriers, and the card processing and dial-up automated teller machine markets. For further information about TNS’ transaction solutions, please refer to www.tns-international.com
The statements and information contained in this press release that are not descriptions of historical fact may contain forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond TNS’ control, which could cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods. TNS disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release.