Gravitas, a leading provider of business consulting and technology solutions to investment managers,has announced a joint solution with global connectivity provider Transaction Network Services (NYSE:TNS), to provide market connectivity for global alternative asset management firms at key co-location facilities.The new solution will provide Gravitas’ buy-side clients with access to more than 1,600 worldwide destinations via TNS’ Secure Trading Extranet, providing financial market participants witha turn-key managed co-location offering.Gravitas’ managed co-location spaces in New York and Chicago deliver an optimal solution to firms looking for secure, private, low-latency FIX connectivity.
"Gravitas is our preferred managed hosting provider for high-frequency co-location and we are delighted to be working alongside them, providing our clients with a fully managed co-location offering,"said Alan Schwartz, President of TNS’ Financial Services Division."Gravitas’ engineering team can quickly provision execution connectivity via the TNS network for any client within its managed co-location spaces."
Demand from high-frequency traders was a key factor in the expansion of Gravitas’ data centers in Chicago and New York earlier this year. The company now works with nearly 100 firms at its two facilities, including more than two dozen companies involved in quantitative/high-frequency strategies in North America, Europe and Asia.
"With the power of TNS’ global network and Gravitas’ best-in-breed technology and co-location services, alternative investment managers can perform the simplest to themost complex high-frequency trading strategies from anywhere in the world," said Gravitas CEO Jayesh Punater. "This joint solution enables Gravitas to provide our foreign exchange and equities high-frequency trading clients the low-latency solution they need to gain a competitive advantage."
TNS’ Secure Trading Extranet connects over 1,600 financial community end-points, representing buy-side and sell-side institutions, market data and software vendors, exchanges and alternative trading venues, via more than 115 points of presence. TNS provides services in over 40 countries across America, Europe and the Asia Pacific region, with its reach extending to many more.
About Gravitas, LLC
Gravitas is a leading provider of business consulting and technology solutions to the alternative investment and financial services industries. Founded in 1996 as Gravitas Technology and known as Gravitas since 2010, the company provides business consulting services, software development, systems integration and knowledge process outsourcing to hedge funds, private equity funds, brokerage firms, investment banks, traditional asset management firms and small and medium sized financial services firms. Gravitas is focused on providing clients with creative solutions designed to make their firms more efficient through outsourcing, colocation, disaster recovery and other innovative technological solutions. The company is based in New York with offices in Greenwich, Connecticut, Mumbai and Ahmedabad, India. www.gravitas.co
About Transaction Network Services
Transaction Network Services (TNS) is a leading global provider of data communications and interoperability solutions.
TNS offers a broad range of networks and innovative value-added services which enable transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets.
Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 40 countries across the Americas, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods.
For further information about TNS, visit www.tnsi.com. ‘One Connection, A World of Opportunities’
Statements and information contained in our press releases and newsletters 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 our 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. www.tnsi.com.