Tag Archives: Financial

Trading and connectivity solutions provider TRAFiX has tapped Transaction Network Services (TNS) to expand its order execution and routing management systems on TNS’ Dedicated Server across all major Canadian financial exchange markets.

TRAFiX will leverage the full-stack TNS Dedicated Server offering based out of the Equinix TR2 Data Center in Toronto and will also use the recently launched TNS Cloud Server Management…

The global fintech space is the very embodiment of a growth market, with forecasts suggesting that it will achieve a total value of $556.58 billion by the year 2030.

To provide further context, this sector was worth around $133.84 billion at the end of 2022, with the market forecast to grow at a CAGR of 19.50% over the course of the next seven years.

This accelerated growth has much to do with the evolution of fintech and that stage that it has been able to reach, with the next decade likely to see the widespread integration of financial technology and APIs and the fusion between traditional and digital banking.

Appraising the Five Stages of Fintech

Let’s start by considering the five described stages of fintech, the fourth of which arguably began in earnest in 2022….

Low-latency Layer 1 infrastructure bolsters exchange connectivity with managed hosting, procurement and colocation

RESTON, Va., May 02, 2023–(BUSINESS WIRE)–Transaction Network Services (TNS) has deployed network connectivity in all major Canadian financial exchange markets in a series of partnerships announced today. Now, all brokers, analysts, traders and investors which are part of the TNS worldwide financial community can access Canadian markets leveraging TNS’ trading infrastructure.

The Canadian expansion includes seven exchanges: TradelogiQ, NEO Exchange, Canadian Securities Exchange (CSE), Nasdaq Canada and CBOE MATCHnow, as well as the Toronto Stock Exchange (TSX) and Montreal Exchange (M-X), both part of TMX Group.

TNS now offers its full suite of infrastructure services,…

Aegon NV has been making headlines recently with its international financial services and investment solutions. A consensus rating of “Hold” has been awarded to Aegon by analysts from Bloomberg Ratings, out of ten analysts that are covering the firm. The target price is an average $5.15 for the brokers that have covered the stock in the last year. This implies some caution from market insiders to keep tabs on the company before giving recommendations to buy or sell their shares.

It should be noted that there are varying opinions within the analyst community about Aegon’s future prospects as evidenced by two analysts recommending selling its shares and three issuing a recommendation to buy them. This view has given rise to a degree of perplexity in investors who are left…

Former President Donald Trump’s Twitter knockoff Truth Social stiffed a contractor in the latest sign of financial “disarray” at the troubled social network, according to Fox Business.

Truth Social, which is headed by former Rep. Devin Nunes, R-Calif., is in a “bitter battle” with RightForge, the network’s web host and one of its largest vendors, over $1.6 million in unpaid bills, according to the report.

The company entered into an agreement with Truth Social in October. Sources told Fox Business that Truth Social made just three payments and hasn’t paid anything since March. The company is now threatening legal action unless it is paid, according to the report.

RightForge CEO Martin Avila did not deny the report but told the outlet he would not comment on “any…