ST. LOUIS, MO -- February 4, 2004 – SAVVIS Communications (NASDAQ: SVVS), a leading global managed IP services provider, today announced that it will distribute market data from Eurex US, the new fully-electronic U.S.-based derivatives exchange, to global financial market participants.
In response to market demand, Eurex is preparing to launch a highly competitive global marketplace for benchmark USD and EUR denominated futures and options for customers worldwide. On February 8, Eurex will begin offering services to the U.S. derivatives marketplace through its new U.S. futures exchange, Eurex US. The new electronic platform will combine lower-cost trading with fair and equal access, delivered on reliable, secure and scalable technology.
Under the agreement, Eurex entitles SAVVIS’ Intelligent IP NetworkSM to deliver market data for the new U.S. futures exchange. SAVVIS will deliver the market data via the Consolidated Exchange Feed® (CEF®), a high performance real-time data feed for exchange data, operated by the exchange organization. CEF collects, formats and disseminates information from numerous sources. Processing more than 13 million messages per day, it bundles the data into information products and disseminates them to leading information providers worldwide.
“SAVVIS is very pleased to partner with Eurex, the largest global electronic derivatives platform, in providing real-time market data critical to the trading and investment needs of global market participants,” said Terence Donnelly, vice president of financial services business development at SAVVIS. “Eurex is transforming the global securities markets by providing cost-effective and open access to an ever-broader set of electronic marketplaces. The CEF Feed is a valuable addition to SAVVIS’ offering of more than two dozen unprocessed market data and transaction feeds.”
“Even as financial markets expand globally and trading options proliferate, the need for secure and reliable delivery of market data remains constant,” said Jack Finlayson, president and chief operating officer of SAVVIS. “We are pleased to assist Eurex in delivering services to the U.S. derivatives marketplace and look forward to delivering the guaranteed uptime, built-in security and performance for which we have become known.”
SAVVIS Communications (NASDAQ: SVVS) is a leading Managed Services Provider that delivers private IP VPNs (virtual private networks), hosting, IP voice and application services to businesses. SAVVIS solutions are designed for industries with demanding IP requirements, including legal, media, retail, professional services, healthcare, manufacturing, and financial services. With its recent acquisition of the commercial business of WAM!NET, the company now delivers fully managed media services that enable organizations to share, collaborate, store and manage content with their partners and clients, and accelerate their workflows in the process.
SAVVIS was ranked #3 in IP VPN market share by IDC in its 2003 report, trailing only AT&T and MCI/WorldCom. Known as The Network that Powers Wall StreetSM, its network reliability was declared “perfect” in Network World magazine’s groundbreaking study of backbone performance. In 2003, SAVVIS won the American Business Awards “Stevie”TM in the category of Best Customer Service Organization. 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 from Frost & Sullivan for product differentiation and innovation.
For more information about SAVVIS’ Intelligent IP NetworkSM and managed hosting solutions, visit: . For information about WAM!NET visit: www.wamnet.com.
This document contains 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 for the year ended December 31, 2002, as filed with the Securities and Exchange Commission on February 28, 2003, and all subsequent filings.
Carter B. Cromley