Transaction Network Services (TNS) has expanded its global market data and infrastructure footprint in the Asia-Pacific (APAC) region by adding connectivity to the Japan Alternative Market (JAX). This new connection provides TNS customers with direct, managed access to JAX’s market data feeds, delivered across TNS’ extensive global network. JAX began operations in December 2024, introducing a new trading venue to Japan’s equities market.
Through TNS’ connectivity, global firms can access JAX market data and integrate it into their trading and analytics workflows. Jeff Mezger, Vice President of Product Management at TNS, stated that the rise of alternative trading venues like JAX represents a significant shift in the Asian financial landscape, describing JAX as a compelling success story. Mezger noted that by making JAX market data available to TNS’ global customer base, the company aims to lower barriers to entry for firms looking to capitalize on this competitive shift.
While Asian exchanges often necessitate bespoke broker connections for order routing and clearing, TNS simplifies market data access. Firms can utilize TNS’ expansive extranet, which includes over 5,000 endpoints for local broker access, and can view JAX market data alongside other major exchanges via TNS’ low-latency managed global network.
A JAX spokesperson commented that partnering with TNS provides JAX with a direct link to a broad, international community of market participants. The spokesperson added that TNS’ global infrastructure and deep experience in market connectivity support JAX’s continued growth as it builds a more competitive trading environment in Japan.
This JAX integration reinforces TNS’ ongoing investment in expanding its APAC footprint and delivering reliable, low-latency market data to customers worldwide. TNS’ Japanese exchange portfolio also includes Japannext, Tokyo Financial Exchange (TFX), and the Japan Exchange Group (JPX), which encompasses the Tokyo Stock Exchange (TSE), Osaka Exchange (OSE), and Tokyo Commodity Exchange (TOCOM).
Founded in 1990, TNS is a global provider of infrastructure, connectivity, market data, and analytic services for the financial markets community. Delivered as a fully managed Infrastructure-as-a-Service (IaaS) offering, TNS provides a global, mission-critical footprint designed to help reduce complexities and costs associated with firms establishing direct connections. Through its ultra-low latency connectivity, global market data offerings, and dedicated 24x7x365 local support, TNS serves over 750 counterparties globally.