AFX Completes Migration of Trading Platform Technology with Transaction Network Services (TNS) | PR Newswire [Video]

, /PRNewswire/ — The American Financial Exchange (AFX), a self-regulated exchange that provides banks and financial institutions a marketplace for overnight unsecured interbank lending and borrowing, announced today that it has partnered with Transaction Network Services (TNS), a global leader in providing mission-critical infrastructure for financial markets. As a result of this partnership, TNS will provide full management and hosting services for AFX’s data center to support its marketplace and membership community consisting of more than 250 banks and financial institutions across the U.S.

“By partnering with TNS, AFX gains more flexibility and independence, enabling us to provide increased optionality and better serve America’s community and regional banks,” said AFX CEO John Shay. “With the support of TNS, we remain steadfast in providing our member banks and financial institutions with the marketplace they deserve for their overnight unsecured interbank lending and borrowing needs.”

Shay added:“As we continue to grow and look to raise more capital …