TNS Expands Network With Connection To Kotak Securities

Transaction Network Services has extended its presence in Asia and specifically in India with a connection to India-based Kotak Securities, the stock broking and distribution arm of the Kotak Mahindra Group.

Kotak Securities has enhanced its services to clients with secure and reliable FIX trading connectivity, via TNS’ global IP network, the Secure Trading Extranet. Using the TNS Extranet will enable Kotak Securities to switch from traditional phone-based trading to an electronic fully-managed format, with access to one of the largest financial communities of interest.

The company is a corporate member of both the BSE and NSE. Its operations include stock broking and distribution of various financial products - including private and secondary placement of debt and equity and mutual funds. Kotak Securities has substantial geographical reach across Asia Pacific, Europe, Middle East and America.

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Ravi Iyer, executive director and co-head (Institutional Securities) at Kotak Securities, said, “Linking to the Secure Trading Extranet gives Kotak high performance and reliable connectivity, allowing us to improve the way we do business and strengthen our competitive position as a provider of broking services to the international investment community”.

Alex Walker, senior vice president and general manager at TNS’ Financial Services Division, said, “We’re delighted to be helping Kotak Securities capitalise on the opportunities presented by electronic connectivity and growing cross border trade”.

Financial institutions using TNS’ network can access a variety of mission critical trade-related messages, data and applications, which support order routing, trade executions, direct market access and algorithmic trading.