Financial and Business News

TNS Buyout of BT Radianz Creates One of the Largest Trading Networks Globally

Monday, 02/02/2026 | 11:40 GMT by Damian Chmiel
  • The deal unites two 20-year veterans of financial markets infrastructure, expanding TNS's global network reach.
BT logo

Transaction Network Services (TNS) has closed its acquisition of BT's Radianz business, bringing the telecommunications giant's financial connectivity arm under the control of the Koch Industries-backed infrastructure provider.

The acquisition unites TNS's ultra-low-latency trading network with Radianz's cloud platform, which connects thousands of brokers, exchanges, and clearinghouses.

Radianz has operated for more than two decades as a neutral network linking market participants to trading venues, market data feeds, and financial applications.

TNS Acquires BT Radianz

The deal transfers equity in Radianz entities across the US and UK, while TNS acquires assets spanning Latin America, Europe, the Middle East, Africa, Asia, and Australasia. Radianz historically served thousands of financial sites through a shared infrastructure model, connecting institutions to more than 400 application providers.

Tom Lazenga, General Manager of TNS Financial Markets
Tom Lazenga, General Manager of TNS Financial Markets

"Today marks an important milestone for TNS and our clients as we combine the strengths of two established leaders in financial connectivity ," said Tom Lazenga, General Manager of TNS Financial Markets.

"We look forward to delivering expanded access to markets, counterparties and applications, while maintaining the network and platform diversity that institutions rely on for resilience and choice."

The transaction required regulatory approvals across multiple jurisdictions including the UK, Australia, Turkey, Italy, Japan, and India. BT first announced the agreement in September 2025, with completion originally targeted for the first half of 2026.

TNS Expands Trading Infrastructure Portfolio

The firm has been expanding its financial markets footprint through partnerships and network deployments. In September 2025, TNS secured a partnership with 24X National Exchange to provide market data connectivity for the startup 's round-the-clock US stock trading platform, targeting Asian investors trading during local business hours.

Bas Burger, CEO of BT International
Bas Burger, CEO of BT International

TNS also integrated connectivity with Broadridge's futures and options platform, serving as the vendor of record for global exchange connectivity.

BT Refocuses on UK Telecommunications

For BT, the sale aligns with a broader retreat from international financial services infrastructure. The British telecom has been reshaping itself around UK-focused telecommunications while shedding global business units.

"Today's announcement is another key milestone in focusing our international business on what it does best: providing secure multi-cloud connectivity to large organisations globally," said Bas Burger, CEO of BT International, when the deal was first announced.

Transaction Network Services (TNS) has closed its acquisition of BT's Radianz business, bringing the telecommunications giant's financial connectivity arm under the control of the Koch Industries-backed infrastructure provider.

The acquisition unites TNS's ultra-low-latency trading network with Radianz's cloud platform, which connects thousands of brokers, exchanges, and clearinghouses.

Radianz has operated for more than two decades as a neutral network linking market participants to trading venues, market data feeds, and financial applications.

TNS Acquires BT Radianz

The deal transfers equity in Radianz entities across the US and UK, while TNS acquires assets spanning Latin America, Europe, the Middle East, Africa, Asia, and Australasia. Radianz historically served thousands of financial sites through a shared infrastructure model, connecting institutions to more than 400 application providers.

Tom Lazenga, General Manager of TNS Financial Markets
Tom Lazenga, General Manager of TNS Financial Markets

"Today marks an important milestone for TNS and our clients as we combine the strengths of two established leaders in financial connectivity ," said Tom Lazenga, General Manager of TNS Financial Markets.

"We look forward to delivering expanded access to markets, counterparties and applications, while maintaining the network and platform diversity that institutions rely on for resilience and choice."

The transaction required regulatory approvals across multiple jurisdictions including the UK, Australia, Turkey, Italy, Japan, and India. BT first announced the agreement in September 2025, with completion originally targeted for the first half of 2026.

TNS Expands Trading Infrastructure Portfolio

The firm has been expanding its financial markets footprint through partnerships and network deployments. In September 2025, TNS secured a partnership with 24X National Exchange to provide market data connectivity for the startup 's round-the-clock US stock trading platform, targeting Asian investors trading during local business hours.

Bas Burger, CEO of BT International
Bas Burger, CEO of BT International

TNS also integrated connectivity with Broadridge's futures and options platform, serving as the vendor of record for global exchange connectivity.

BT Refocuses on UK Telecommunications

For BT, the sale aligns with a broader retreat from international financial services infrastructure. The British telecom has been reshaping itself around UK-focused telecommunications while shedding global business units.

"Today's announcement is another key milestone in focusing our international business on what it does best: providing secure multi-cloud connectivity to large organisations globally," said Bas Burger, CEO of BT International, when the deal was first announced.

Topics
TNS
Acquisition
About the Author: Damian Chmiel
Damian Chmiel
  • 3216 Articles
  • 100 Followers
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.

More from the Author

Institutional FX

Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI

Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI

Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025. In this wide-ranging discussion, Hannah shares insights on: 🔹What winning the Finance Magnates award means for AXI’s credibility and innovation 🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards 🔹The development and rollout of the AXI trading app across multiple markets 🔹Driving brand evolution alongside technological advancements 🔹Encouraging and recognizing teams behind the scenes 🔹The role of marketing, content, and social media in building product awareness Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape. 🏆 Award Highlight: Most Innovative Broker of the Year 2025 👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events. #FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI

Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025. In this wide-ranging discussion, Hannah shares insights on: 🔹What winning the Finance Magnates award means for AXI’s credibility and innovation 🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards 🔹The development and rollout of the AXI trading app across multiple markets 🔹Driving brand evolution alongside technological advancements 🔹Encouraging and recognizing teams behind the scenes 🔹The role of marketing, content, and social media in building product awareness Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape. 🏆 Award Highlight: Most Innovative Broker of the Year 2025 👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events. #FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
More Videos

  • Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25

    Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25

    In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide. We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand. We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error. We close with a practical question: how retail investors can actually use AI without falling into common traps.

    In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide. We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand. We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error. We close with a practical question: how retail investors can actually use AI without falling into common traps.

  • Executive Interview | Brendan Callan | CEO, TRADU | FMLS:25

    Executive Interview | Brendan Callan | CEO, TRADU | FMLS:25

    Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner. In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences. We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading. This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.

    Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner. In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences. We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading. This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.

  • Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse

    Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse

    Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025. 🔹In this wide-ranging discussion, Elina shares insights on: 🔹What winning a Finance Magnates award means for credibility and reputation 🔹How broker demand for stability and reliability is driving rapid growth 🔹The launch of a new trade server enabling flexible front-end integrations 🔹Why ultra-low latency must be proven with data, not buzzwords 🔹Common mistakes brokers make when scaling globally 🔹Educating the industry through a newly launched Dealers Academy 🔹Where AI fits into trading infrastructure and where it doesn’t Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market. 🏆 Award Highlight: Best Connectivity 2025 👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events. #FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview

    Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025. 🔹In this wide-ranging discussion, Elina shares insights on: 🔹What winning a Finance Magnates award means for credibility and reputation 🔹How broker demand for stability and reliability is driving rapid growth 🔹The launch of a new trade server enabling flexible front-end integrations 🔹Why ultra-low latency must be proven with data, not buzzwords 🔹Common mistakes brokers make when scaling globally 🔹Educating the industry through a newly launched Dealers Academy 🔹Where AI fits into trading infrastructure and where it doesn’t Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market. 🏆 Award Highlight: Best Connectivity 2025 👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events. #FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview

  • Blueberry Broker Review 2026: Regulation, Platforms, Fees & Trading Conditions | Finance Magnates

    Blueberry Broker Review 2026: Regulation, Platforms, Fees & Trading Conditions | Finance Magnates

    In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles. We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading. You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts. We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services. Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance. 📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage. Connect with us: 🔗 LinkedIn: /financemagnates 👍 Facebook: /financemagnates 📸 Instagram: https://www.instagram.com/financemagnates 🐦 X: https://x.com/financemagnates 🎥 TikTok: https://www.tiktok.com/tag/financemagnates ▶️ YouTube: /@financemagnates_official #Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights

    In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles. We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading. You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts. We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services. Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance. 📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage. Connect with us: 🔗 LinkedIn: /financemagnates 👍 Facebook: /financemagnates 📸 Instagram: https://www.instagram.com/financemagnates 🐦 X: https://x.com/financemagnates 🎥 TikTok: https://www.tiktok.com/tag/financemagnates ▶️ YouTube: /@financemagnates_official #Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights