Orange Business Services - Trading Solutions’ financial extranet TCSnet is now connected to Bolsas y Mercados Españoles (BME), the operator of all stock markets and financial systems in Spain.
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,” says 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.
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