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About BornTec

About Transaction Network Services (TNS)

Acquisition ensures seamless integration with uninterrupted colocation services and enhanced mission-critical connectivity

RESTON, Va.–(BUSINESS WIRE)–Transaction Network Services (TNS) and BornTec today announced TNS’ acquisition of BornTec’s managed hosting and colocation business. This acquisition continues TNS’ expansion of its global connectivity footprint and builds on previous acquisitions.

For BornTec, the move was strategic. “This divestiture allows us to sharpen our focus on our industry-leading CrossCheck trading data analytics platform, bringing us to the forefront of at-trade and post-trade operational resilience, data intelligence and automation,” said Derek Haworth, CEO of BornTec.

“We’re extending our reach and connectivity with the same white-glove service and single-source support that BornTec’s customers expect”

For TNS, the acquisition expands mission-critical connectivity for TNS’ diverse customer portfolio of exchanges and trading venues, buy- and sell-side institutions, market data vendors, software developers and cloud service providers around the world.

“We’re extending our reach and connectivity with the same white-glove service and single-source support that BornTec’s customers expect,” said Tom Lazenga, General Manager, Financial Markets, TNS. “BornTec is a capital markets visionary, and this acquisition fits seamlessly into TNS’ managed hosting strategy that we embarked on five years ago.”

In 2019, TNS augmented its financial services footprint with the first globally deployed Layer 1 ultra-low latency trading infrastructure. Today, TNS is committed to continuing to scale its capabilities and global presence as evidenced by this acquisition.

“We vetted several acquirer candidates, and, with TNS, we found a partner that shares our customer-centric values,” added Haworth. “We’re confident that our managed hosting customers will be well served within TNS’ global colocation infrastructure.”

BornTec’s managed hosting customers will receive uninterrupted service, and they will also have the opportunity to upgrade to TNS’ Layer 1 connectivity with ultralow 5-85 nanosecond latency for unparalleled trading access within the TNS global exchange community. The transaction closed on March 21, 2023.

TNS brings together over 2,800 financial community endpoints, supported by a global, 125-strong point-of-presence footprint. Specifically designed and engineered to address the needs of financial market participants worldwide, TNS offers a range of connectivity, colocation, cloud, market data and VPN solutions within its IaaS portfolio. Its solutions are monitored 24x7x365 by TNS’ Network Operations Centers in the US, UK, Australia, and Malaysia. For further information visit tnsfinancial.com.

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BornTec Insights: Three Takeaways from FIA Boca

Generally referred to simply as “Boca”, the annual international futures industry conference hosted by the Futures Industry Association (FIA) each Spring is traditionally a time for the leading luminaries of the global derivatives community to gather and assess the state of the industry. Boca was back to full steam this year following the Covid-19 pandemic and renovations to its longtime home at The Boca Raton and the issues most addressed revealed a healthy and dynamic industry that also has its fair share of challenges. Here are three issues that were topics for conversation at Boca.

1. What’s next for digital assets?

Executives from cryptocurrency exchanges were flying high in 2022 but were in somewhat short supply this year as plunging prices, failed businesses, and, in some cases, criminal charges combined to clip their wings. Crypto is still of interest, however, and many discussions centered on how digital assets are likely to be adopted in the years ahead. While there may be less talk and activity right from the trading side of the business right now, the subject is a hot one on the legal and compliance side of things. It’s on these foundations that future digital assets will be built.

2. The “ity” twins: profitability and volatility

In markets, profitability and volatility often go hand in hand and that is proving to be true in 2023. A multi-year period of low interest rates was a challenge to the futures commission merchants (FCMs), who earn more money on deposits held when rates rise. Now, banks and FCMs are enjoying their best year in some time due to both rising rates and higher volumes. However, volatility has risen with recent events like the failure of SVB and First Republic Bank, leading to greater risk, and future events such as the U.S. debt ceiling standoff may bring more of the same.

3. Boosting Operational Resilience

One of the recurring themes of the conference this year was around operational resilience. This was covered by multiple panels and it was often a topic of general discussions over a coffee or cocktail. The pandemic-induced convulsions of March 2020 started the conversation and the recent ransomware event at a significant industry software vendor brought the problem into sharp focus. The ransomware event has forced a reckoning of sorts and further examination and analysis is likely to lead to higher standards for operational resilience. Many in the industry are looking for additional functionality to come along with resilience increases in order to defray some of the expected costs.

Lessons from Boca

The international derivatives industry provides vital products and services that help manage risk, enabling more certainty and flexibility for all businesses. While the industry has a remarkable history of innovation and growth, there are always challenges to be addressed. The major ransomware attack in February 2023 is a reminder that vigilance is a constant requirement and that new standards and procedures should be adopted to address both current and future threats. BornTec stands ready to assist in those efforts, ensuring the strength and integrity of these critical markets. To learn how BornTec can help your firm address your operational resilience challenges, contact us at resilience@borntec.com

BornTec had an incredibly successful year in which we achieved significant growth and development. The company was able to attract a large number of new clients, which helped to increase revenue significantly. This growth was due to the company’s commitment to providing excellent service and developing innovative solutions to meet the needs of their clients. The company’s dedication to customer service was evident in their continued success in attracting new business.

In addition to our success in attracting new clients, BornTec also made significant progress in furthering the development of Surveillance Compliance and Regulatory Reporting. These are two critical areas for the financial services industry, and BornTec’s commitment to improving our solutions in these areas has helped them to become a leader in the industry. The company’s focus on innovation and technology has allowed us to develop solutions that are both effective and efficient, which has helped gain a competitive advantage over competitors. Overall, BornTec’s successful year can be attributed to the focus on customer service and innovation, which has allowed them to grow and develop in a challenging market.

We are excited to announce that Santander has joined our growing list of clients, utilizing our innovative Audit Trail system. As a provider of simple and secure personal banking services, Santander has built a reputation for excellence in the financial industry. We are thrilled to partner with them and support their ongoing success.

Our Audit Trail system will enable Santander to view all of their trading platform audit trail data in one centralized location, streamlining their processes and allowing for more efficient monitoring and analysis. The system provides a comprehensive view of all trading activities, making it easy for Santander to identify potential issues and take immediate action. With customizable reporting options and advanced analytics, the Audit Trail system will provide Santander with valuable insights into their trading activities, enabling them to make more informed decisions and improve their overall performance. We are excited to work with Santander and look forward to supporting them as they continue to provide top-notch financial services to their customers.