TNS introduces market data & ordering services at India INX

With this new launch, the global investors can now get connected to India INX based in GIFT IFSC from around the world and access the market for 22 hours from any time zone

Transaction Network Services (TNS) is expanding its footprint in India with the commencement of a new connection to India International Exchange (India INX), which is located at International Finance Services Centre (IFSC), Gujarat International Finance-Tec City (GIFT City) Gandhinagar. This new connection aims at delivering low latency access to India INX for both market data as well as order routing services. 

India INX reported an average daily turnover of USD 14.97 billion in July 2021, bearing a market share of 84 per cent in GIFT IFSC. On March 10, 2021, India INX witnessed an all-time high turnover of USD 30.3 billion. 

A subsidiary of BSE, India INX is India’s first international exchange and has a matching engine roundtrip time of four microseconds, qualifying it to be the fastest in the world. 

With this new launch, the global investors can now get connected to India INX based in GIFT IFSC from around the world and access the market for 22 hours from any time zone. TNS has established two connections to India INX’s matching engine in GIFT City as well as connectivity to India INX DR site. TNS has local teams on the ground in India and the company is looking forward to enhancing the long-standing relationship with BSE.

Transaction Network Services (TNS) is a leading global provider of infrastructure as a service solution (IaaS). TNS offers a broad range of managed infrastructure, including connectivity & innovative value-added services and is committed to delivering superior service & solutions to world-leading payments, financial markets as well as communications companies.