Transaction Network Services (TNS), based in Seoul, Korea, provides data communication services for transaction-oriented applications. TNS designs and implements multiple data networks, each designed specifically for the transport of transaction-oriented data. These networks have been deployed world-wide and are used in card processing and dial-up ATM markets.

The company announced that it’s strengthening its new overseas business division with a connection to Transaction Network Services’ Secure Trading Extranet, enabling the broker to offer direct market access to clients. The link with TNS will provide Korea Investment and Securities Co., Ltd. (KITC) with FIX connectivity and access to TNS’ financial community of interest. TNS’ network incorporates over 1,000 end-points, presenting more than 550 buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues around the world.

Seoul-based KITC was established in 1974 as the first investment trust company in Korea, specializing in asset management. The organization was reformed in 2005 when it merged with Dongwon Securities, a specialist in brokerage, investment banking and derivatives trading. A representative of KIS stated that TNS’ Security Trading Extranet will play a role in helping KIS attract business beyond South Korea’s borders and will allow the company to extend its’ reach to other organizations linked to the Extranet.

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