ST. LOUIS, June 22, 2010 – Savvis, Inc. (NASDAQ: SVVS), a global leader in cloud infrastructure and hosted IT solutions for enterprises, today announced that Barclays Capital's dark liquidity crossing network, LX, is being hosted in Savvis’ NJ2 premier data center complex in Weehawken, N.J.
LX is Barclays Capital's crossing network, which aggregates unique liquidity from its global client base, market structure investments and internal trading desks. LX has experienced rapid volume and market share growth in the first half of 2010, with matched volume exceeding 100 million shares per day. “We believe that using a provider like Savvis will make LX an even more important liquidity source for clients looking to achieve best execution,” said Bill Libby, vice president of electronic trading services.
Savvis is an industry leading provider of financial vertical services. At its premier data center complex located in metro New York, the company hosts two of the top four displayed and five of the top 10 non-displayed markets in the U.S., which represents more than a quarter of average daily trading volume. The company continues to expand its leadership in this area by providing the high quality, low latency services that financial firms demand.
“Barclays Capital is committed to providing our customers with state-of-the-art trading and technology solutions,” said Bill Bell, head of U.S. electronic trading distribution. “Colocating our execution products in Savvis’ NJ2 data center complex is an important step in becoming a central point of liquidity for our clients.”
“We’re proud to announce the addition of LX to the ever-growing pool of key liquidity venues that have chosen to be hosted in our data centers,” said Varghese Thomas, global head of financial services for Savvis. “Firms such as Barclays Capital realize the benefits in collaborating with a market-leading infrastructure provider, allowing them to deliver value-added solutions to their customers.”
Trading firms interested in connecting to LX should contact Ashleigh Hults at (212) 526-0389 or at Ashleigh.Hults@BarclaysCapital.com.
Savvis, Inc. (NASDAQ: SVVS) is a global leader in cloud infrastructure and hosted IT solutions for enterprises. More than 2,500 unique clients, including 30 of the top 100 companies in the Fortune 500, use Savvis to reduce capital expense, improve service levels and harness the latest advances in cloud computing. For more information, please visit www.savvis.net.
About Barclays Capital
Barclays Capital is the investment banking division of Barclays Bank PLC. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Barclays Capital has offices around the world, employs over 23,000 people and has the global reach, advisory services and distribution power to meet the needs of issuers and investors worldwide. For further information about Barclays Capital, please visit our website www.barclayscapital.com.
Peggy Reilly Tharp