Linedata Chooses Transaction Network Services; FIX Network Provider TN

    Business Editors/Technology Editors

    NEW YORK--(BUSINESS WIRE)--Jan. 27, 2005--Transaction Network Services, Inc. (TNS), a subsidiary of TNS, Inc. (NYSE:TNS) and a premier network and data communications provider for transaction-oriented applications, today announced that Linedata Services Inc., a leading provider of software and services to the global financial services marketplace, has selected TNS to provide a specialized trading network for its order management system (OMS). LongView LyNX is Linedata's new full service electronic trading package, which includes Financial Information eXchange (FIX) connectivity and broker certification services, as well as monitoring and support services for LongView Trading customers.
    With significant understanding of the needs of the buy-side, Linedata selected TNS as the optimal network provider for its LongView LyNX product. With more than 950 endpoints, TNS' Secure Trading Extranet is widely recognized as one of the leading global networks for electronic trading.
    "When putting this package together for our customers, it was very important that we have the right partner backing our FIX network," said Annie Morris, Senior Vice President of Product Strategy and Client Services, Linedata Services Inc. "TNS is well-established in the industry and has been leading the market for over seven years. A proven provider of fast, reliable data communications services on a global basis, TNS is an excellent partner for us in this part of our business."
    LongView LyNX offers customers a simplified process to extend the functionality of their OMS and meet electronic trading requirements. It offers seamless connectivity to the sell-side through Linedata's fully integrated and supported FIX network, providing the security and speed of a point-to-point network, but with the low maintenance of a hub-and-spoke system. LongView LyNX covers the straight through processing (STP) cycle from indications of interest (IOIs) to execution to post trade processing for all asset types.
    "This is an exciting opportunity for TNS to collaborate with Linedata and fill an important niche through this new offering to the trading community," said Alan Schwartz, Senior Vice President and General Manager of TNS' Financial Services Division. "Together, we can boost the speed, convenience and efficiency of the STP process between the buy-side and the sell-side participants."
    TNS' Financial Service Division (FSD) provides a mission critical network that offers rapid connectivity and secure transmission of both voice and data for the institutional financial services industry. Use of the TNS Secure Trading Extranet enables traders to complete instantaneous transactions without the potential latency and security risks associated with Internet based trading applications. In addition to FIX, TNS supports a variety of IP protocols and has the ability to build connectivity rapidly, in many instances in as little as three days. FSD is one of four business divisions at TNS. The other divisions are the Point-of-Service (POS) Division, International Services Division (ISD) and the Telecommunications Services Division (TSD).

    About Transaction Network Services

    Transaction Network Services is one of the leading providers of business-critical, cost-effective data communications services for transaction-oriented applications. TNS provides rapid, reliable and secure transaction delivery platforms that enable transaction authorization and processing across several vertical markets and trading communities.
    Since its inception in 1990, TNS has designed and implemented multiple data networks, each designed specifically for the transport of transaction-oriented data. TNS' networks support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods. TNS' network technologies have been deployed in the United States and internationally, and TNS' networks have become preferred networks servicing the trading community, wireless and wireline carriers, and the card processing and dial-up automated teller machine markets. For further information about TNS' transaction solutions, please refer to www.tnsi.com.

    This press release may contain various remarks about the future expectations, plans and prospects of TNS that constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. TNS' actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed under the heading "Risk Factors" in TNS' prospectus filed with the U.S. Securities and Exchange Commission on September 28, 2004, which may be accessed at www.sec.gov or TNS' investor relations web page available at www.tnsi.com. TNS disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release.

--30--TG/ph*

CONTACT: Transaction Network Services, Inc. Media contact: Mike Murphy, 703-453-8550 mmurphy@tnsi.com

KEYWORD: NEW YORK INDUSTRY KEYWORD: HARDWARE BANKING SOFTWARE NETWORKING MARKETING AGREEMENTS SOURCE: Transaction Network Services, Inc.

Copyright Business Wire 2005