Transaction Network Services (TNS) has launched an encryption solution which allows financial market participants to further protect the privacy of their trading data.

Alex Walker (pictured), executive vice president and managing director of TNS’ financial services division, says: “We are hearing more and more from our buy-side customers about their concerns for security and protection, especially where IP connections are utilised in the FIX trading ecosystem.
 
“By deploying class leading network encryption, firms can ensure valuable trading information is kept private during transmission. The TNS Encryption Service provides an additional layer of security that prevents unauthorised parties from gaining insider information or obtaining insights to trading strategies.”
 
TNS’ Encryption Service can help to achieve industry best practices and to satisfy regulatory requirements regarding data protection, privacy and the integrity of sensitive participant and trade data in motion over private networks.
 
Walker says: “The TNS Encryption Service is unique within the financial markets and can be quickly and easily added for users of the TNS Secure Trading Extranet or TNS’ dedicated FIX platform, the TNS Secure Trading Hub. In most cases we can get the service operational with minimal disruption and cost by using existing hardware.”
 
TNS is providing encryption as a managed service, which requires minimal resources at the client end and provides a cost effective solution for a monthly encryption service charge.