NEW YORK CITY, NY — March 30, 2009 — Savvis, Inc. (NASDAQ: SVVS) today announced new connectivity options with Chi-X Canada, a major alternative trading system (ATS) in Canada, and the Turquoise Multilateral Trading Facility (MTF) in Europe. This builds on recent momentum surrounding connectivity options with NASDAQ OMX Group, Inc., BATS, CME Group and the London Stock Exchange.
The expansion comes in response to growing customer demand for low latency connectivity solutions, and demonstrates Savvis’ commitment to investing in financial IT infrastructures that deliver a wide variety of low latency connectivity to the world’s leading exchanges.
“The increasing adoption of electronic trading and algorithms by brokers, hedge funds, and traditional asset managers has underscored the need for improved and more reliable execution latency,” said David Easthope, Senior Analyst at Celent, a research and consulting firm focused on the application of information technology in financial services. “From cash equities to increasingly the futures and options markets, milliseconds matter.”
Low latency Metro Ethernet network and Proximity Hosting solutions have the potential to provide a key competitive advantage for financial market participants with algorithmic trading requirements.
Savvis offers three levels of low latency connectivity to major financial exchanges and liquidity venues. These are fully integrated with Savvis’ global IT infrastructure featuring high performance managed network, servers, storage and security.
•Savvis Community of Interest Network (COIN) – low latency exchange connectivity via Savvis’ private, managed global financial network.
•Savvis Exchange Express (SEE) – lower latency exchange connectivity via Savvis’ private, managed global financial network with direct connections to each exchange via Metro Ethernet.
•Savvis Proximity Hosting (SPH) – an even lower latency connectivity between exchanges and their customers’ automated trading systems, via colocation of both sets of infrastructure, typically within a Savvis data center.
Today’s announcement outlines Savvis’ new connectivity options for the following:
Chi-X Canada can now be accessed via SAVVIS Exchange Express and globally via Savvis COIN.
Turquoise is now available in the London metro area via Savvis Exchange Express and globally via Savvis COIN.
“By continuing to diversify into new regions and delivering our enhanced systems and product offerings, we are focused on understanding and responding to the changing market climate,” said Varghese Thomas, Savvis Vice President, Financial Services Business Unit. “In today’s volatile marketplace, the role of exchanges continues to evolve and our broad portfolio of cost effective, scalable, and managed financial offerings provide the flexibility and bandwidth needed to enhance the competitive investment strategies of our customers.”
To see the complete list of Savvis low latency connectivity options to more that 200 exchanges and feeds, visit: /NR/rdonlyres/4A0B69ED-13B3-4B40-90DC-6AEE1D6BA4B0/0/FinancialFeedsMatrix.pdf
Savvis, Inc. (NASDAQ:SVVS) is an outsourcing provider of managed computing and network infrastructure for IT applications. By outsourcing to Savvis, enterprises can focus on their core business while Savvis ensures the quality of their IT infrastructure. Leading IT organizations around the world have selected Savvis to help them improve their service levels, reduce capital expense and deal with the rising costs of bandwidth, energy, real estate, staff and expertise. As a pioneer in utility computing, Savvis understands and harnesses the latest advances in technology like virtualization, cloud computing and support process automation. For more information about Savvis, visit www.savvis.net
Savvis 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.
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