Transaction Network Services (TNS) is expanding access to US equity options with connectivity and market data support for the newly launched MIAX SapphireÔ Options Exchange.
This addition to TNS' existing service offering signifies its unwavering commitment to comprehensive coverage of the US listed options marketplace.
TNS will provide market data and order routing access to customers in an ultra-low-latency trading environment. With the addition of MIAX Sapphire, traders using TNS can now gain access to all 18 US equity options exchanges. This provides several key benefits including enhanced market data services, resilient connectivity and streamlined operations.
Real-time market data from MIAX Sapphire and all other connected exchanges provided by TNS’ dark fiber connectivity gives traders ultra-high-speed access to full depth of book, raw market data feeds for 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 will be MIAX’s fourth national securities exchange for US multi-listed options and will operate both an electronic exchange and physical trading floor to be located in Miami, Florida.
“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 J. 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.”