Hosting News
SAVVIS deploys low-latency service to increase speed of transactions to the London markets
June 10, 2008 |
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High speed proximity hosting enables competitive link to the London Stock
Exchange
NEW YORK CITY -- (Securities Industries and Financial Markets Association (SIFMA)
Technology Management Conference) June 9, 2008 -- SAVVIS, a global leader
in IT infrastructure services for business applications, is to provide a
proximity hosting service, offering access to the London Stock Exchange for
member firms, hedge funds, market data vendors and the automated trading
community.
The solution enables faster access and lower latency connectivity to the London
markets. Existing members and new customers can now host at SAVVIS London
docklands data centre and connect via their high speed Extranex network to the
London Stock Exchange.
SAVVIS Proximity Hosting solution will scale to meet the demands of rapidly
rising trading volumes and can provide a key competitive advantage for
algorithmic trading applications.
The low latency solution also gives clients the full advantage of the London
Stock Exchanges new Infolect and TradElect platforms that deliver both high
speed market data feed and low latency trading access.
Firms connecting and trading on the major financial exchanges measure success
in milliseconds, said Richard Warley, International Managing Director for
SAVVIS. With SAVVIS heritage in the financial services market, we are well
positioned to support the London Stock Exchange member firms and respond to the
rise in trading volumes on the London markets.
Commenting on the low latency service from SAVVIS, Wendy Morgan, Head of
Real-Time Data at the London Stock Exchange said, As trading volumes grow and
latency becomes more crucial, it is essential that our customers have a wide
variety of options when choosing to connect to the London Stock Exchange's
markets. We therefore welcome SAVVIS' investment in this service as it increases
the number of direct participants in our markets."
About SAVVIS
SAVVIS, Inc. (NASDAQ: SVVS) is a global leader in IT infrastructure services for
business and government applications. With an IT services platform spanning
North America, Europe, and Asia, SAVVIS is an industry leader in delivering
secure, reliable, and scalable hosting, network, and application services. These
solutions enable customers to focus on their core business while SAVVIS ensures
the quality of their IT systems and operations. SAVVIS strategic approach
combines virtualization technology, a global network and multiple data centers
and automated management and provisioning systems. SAVVIS Proximity Hosting
services in London add to SAVVIS expanding portfolio of managed IT
infrastructure services for the financial services industry
http://financial.savvis.net/. These
services are delivered from an integrated, secure hosting and network platform
that provides direct access to market data and trading execution via low latency
financial IT infrastructure.
In addition to Proximity Hosting, SAVVIS offers secure, high-availability,
direct connectivity to hundreds of exchange feeds around the world including
major exchanges such as the New York Stock Exchange®, NASDAQ® and the London
Stock Exchange. To see a full list of the exchanges and feeds delivered by
SAVVIS, visit
www.savvis.net/corp/savvis/MarketDataFeeds
Forward-Looking Statements
This document may contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Actual results may differ
materially from SAVVIS expectations. Certain factors that could affect actual
results are set forth as risk factors in SAVVIS SEC reports and filings,
including its annual report on Form 10-K and all subsequent filings as well as
the risk that potential product cost and performance benefits may not be
realized for any particular customer. SAVVIS assumes no obligation to update or
supplement forward-looking statements.
CONTACTS:
Carter Cromley
SAVVIS, Inc.
(703) 667-6110
carter.cromley@savvis.net
Elizabeth Shumacker
SAVVIS UK Ltd.
44 207 400 5609
Elizabeth.shumacker@savvis.net
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