(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 Exchange’s 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."
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. 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.
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.
SAVVIS UK Ltd.
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