NEW YORK CITY (Securities Industries Association (SIA) Technology Management Conference) -- June 17, 2003 – SAVVIS Communications (NASDAQ: SVVS), a leading global managed IP VPN and managed hosting services provider, today introduced and demonstrated a new set of network-based application services built specifically for the financial services industry. SAVVIS Intelligent Financial Application Services (IFAS) delivers the technology infrastructure, network and hosting services, data, and end-to-end management tools required to offer a complete financial application solution for trading firms and investment managers.
With SAVVIS IFAS, financial firms optimize their trading and investment performance by leveraging SAVVIS’ extensive access to market data content, trading liquidity sources, and clearing and settlement options. Combined with SAVVIS’ industry-leading network and application management tools, SAVVIS clients can now leverage a global, secure and cost-effective financial application utility, creating significant and lasting value.
The first SAVVIS IFAS products available are: Market Data Feeds, Liquidity Pool Connectivity, and Electronic Trading Solutions. The combination of these products offers financial institutions the ability to “plug into” the systems and support needed to analyze complex market conditions, access trading liquidity, and execute trades. IFAS products are delivered via SAVVIS’ award-winning global IP technology infrastructure that spans 45 countries and has proven itself by delivering “Five 9’s” (99.999%) end-to-end availability for real-time financial applications.
IFAS – Market Data Feeds
Using embedded unicast and multicast technology, SAVVIS is able to cost-effectively distribute raw and consolidated market data feeds from the global exchanges, ECNs, inter-dealer brokers, and third-party market-data providers. In addition, SAVVIS offers, through its partnership with Chicago-based InfoDyne Corp., a suite of market data integration tools and ticker plant application services that provide seamless connectivity with the leading data integration platforms, as well as InfoDyne’s own Middleware2 platform.
IFAS – Liquidity Pool Connectivity
SAVVIS provides secure, fully-meshed, high-availability network access to the top Exchanges, ECNs (Electronic Communication Networks), and Alternative Trading Systems (ATS) including: the New York Stock Exchange, American Stock Exchange, Chicago Board Options Exchange, London Metal Exchange, Montreal Exchange, OneChicago, Boston Stock Exchange, Pacific Stock Exchange, Philadelphia Stock Exchange, BRUT ECN, REDIBook ECN, Island ECN, the International Securities Exchange, and more.
IFAS – Financial Transaction Services
SAVVIS offers through its FIX Transaction Service, a single gateway providing electronic order routing connectivity to leading broker-dealers, asset management firms, exchanges and ECNs; The FTS network is designed to meet the unique requirements of trading applications – low bandwidth combined with high availability, performance, and security. SAVVIS supports all the major trading protocols including FIX, FIXML, FpML, IP-CMS, and ISO 15022.
“SAVVIS has a long and successful history delivering managed network and hosting services that meet the demanding requirements of the financial services industry,” said Rob McCormick, Chairman and CEO of SAVVIS. “With Intelligent Financial Application Services, we are bundling our infrastructure, expertise, and applications to deliver the first network-based application infrastructure utility for the financial services industry. A financial institution simply ‘plugs into’ the IFAS utility and instantly has access to a powerful portfolio of network, hosting, and application services.”
SAVVIS Communications (NASDAQ: SVVS) is a managed services provider that delivers IP VPNs (virtual private networks), hosting, and applications services to businesses. SAVVIS solutions are designed for industries with demanding information technology requirements including: legal, media, retail, professional services, healthcare, manufacturing, and financial services.
Known as The Network that Powers Wall StreetSM, SAVVIS was ranked #3 in IP VPN market share by IDC in its 2003 report, trailing only AT&T and WorldCom, and its network reliability was declared “perfect” in Network World magazine’s groundbreaking study of backbone performance. SAVVIS’ managed hosting services were awarded the Service Provider Excellence Award by Boardwatch magazine for its virtualized approach to managed hosting and the Market Engineering Award for product differentiation and innovation from Frost & Sullivan.
For more information about SAVVIS’ Intelligent IP NetworkSM and managed hosting solutions, visit: .
Carter B. Cromley