Transaction Network Services (TNS) is set to expand access to US equity options with connectivity and market data support for the recently launched MIAX Sapphire Options Exchange.
Tom Lazenga, general manager, TNS Financial Markets
The move comes as part of TNS’ commitment to comprehensive coverage of the US listed options marketplace.
TNS will offer users market data and order routing access in an ultra-low-latency trading environment.
The addition of MIAX Sapphire will enable traders using TNS to gain access to all 18 US equity options exchanges, providing benefits including: enhanced market data services, resilient connectivity and streamlined operations.
Real-time market data from MIAX Sapphire and all other connected exchanges will offer traders ultra-high speed access to full depth of book, raw market data feeds for better informed decision making.
“We’re proud to extend access for those seeking to trade on MIAX Sapphire from day one,” said Tom Lazenga, general manager, TNS Financial Markets.
“TNS’ managed service approach streamlines everything from connectivity to market data support, allowing institutional traders to focus on their core activities.”
MIAX Sapphire is set to become MIAX’s fourth national securities exchange for US multi-listed options and will operate both an electronic exchange and physical trading floor which will be located in Miami, Florida.
Read more: SEC greenlights MIAX’s August launch of new taker-maker US options venue
“The launch of the MIAX Sapphire electronic exchange will be followed by the opening of a state-of-the-art physical trading floor in Miami in 2025 which will allow our market participants to access 100% of the multi-listed options market,” said Matthew Rotella, executive vice president and chief technology officer of MIAX.
“We are pleased TNS is offering connectivity to MIAX Sapphire and TNS now provides access to all of our options and equities exchanges through its comprehensive and reliable network.”