ST. LOUIS, MO -- August 22, 2005 – SAVVIS, Inc. (NASDAQ:SVVS), a leading global IT utility provider, announced today that BATS Trading, Inc., a new electronic communications network (ECN) for the financial services community, has chosen SAVVIS to serve as its financial network and hosting platform.
BATS plans to launch its new ECN in early 2006. BATS is currently benchmarking its prototype, and hopes to begin connecting subscribers later this year. BATS has chosen SAVVIS’ ultra low latency network connectivity to access market data, route orders and trades to other market centers, and to connect with thousands of other subscribers who also rely on the SAVVIS financial network. Based on its security needs and proximity to major exchanges and ECN's in the New York area, BATS will be hosted in SAVVIS' ultra secure Weehawken, N.J. data center.
BATS will enter the market and compete aggressively as a new and better alternative trading system. Recent merger and acquisition announcements in the ECN and exchange community have opened up a clear opportunity for BATS to come to market and fill the gap created by over consolidation in this space. In addition, BATS intends to provide advanced order types and trade matching functionality not found in other market centers, catering to the specific needs of today’s market participants.
“SAVVIS provides BATS with well-documented 99.999% network performance," said Joe Ratterman, COO of BATS Trading, Inc. "SAVVIS can connect us with our subscribers in record time, and offers ultra low latency transmission and a highly secured IT infrastructure. This, combined with BATS innovative software, represents a nimble and compelling new trading system that fills the void in the ECN marketplace.”
“SAVVIS is pleased that BATS Trading has chosen our proven financial extranet and hosting infrastructure as they look to compete aggressively in the marketplace,” said Matt Fox, Vice President and General Manager of SAVVIS’ Financial Services Division. “We are committed to delivering the highest levels of innovation and expertise and look forward to adding to the network of market participants that have come to rely on SAVVIS for their network communications and data center hosting needs.
With more than ten years delivering information technology services to the financial services industry, SAVVIS’ infrastructure today extends to 47 countries and includes 24 data centers in the United States, Europe, and Asia with more than 21,000 fully-managed network end points. The company has over 5,000 enterprise customers including many of the world’s largest banks, brokers, investment managers, and insurance companies.
SAVVIS delivers application services delivered via its global IT infrastructure that address specific workflow issues in the financial services industry. These solutions enable electronic trading, deliver direct data feeds from leading exchanges such as Nasdaq, and provide normalized, raw data feeds using a unique utility model and multicast technology. Most recently, SAVVIS introduced virtualized utility services from which financial companies, large and small, can select a unique mix of server, storage, and network capacity that enables on-demand scalability and improved availability at a disruptively low cost.
About BATS Trading
BATS Trading, Inc. plans to launch a new ECN in early 2006, pending regulatory approval. BATS is an acronym for a “Better Alternative Trading System”. BATS is a spin-off from an affiliated company, Tradebot Systems, Inc. Tradebot is a leading automated provider of short term liquidity to exchanges and ECN’s. Tradebot’s owner, David Cummings, serves as the CEO of BATS. An ECN electronically matches bids and offers from multiple broker dealers. For additional information about BATS Trading, Inc. visit: http://www.BatsTrading.com.
SAVVIS, Inc. (NASDAQ: SVVS) is a global IT utility services provider that focuses exclusively on IT solutions for businesses. With an IT services platform that extends to 47 countries, SAVVIS has over 5,000 enterprise customers and leads the industry 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 24 data centers, and automated management and provisioning systems. For more information about SAVVIS, visit: .
Carter B. Cromley
Ricochet Public Relations