HERNDON, VA, October 27, 2003 — SAVVIS Communications (NASDAQ: SVVS), a leading global managed IP services provider, today announced it has won a managed services contract from Sonic Financial Technology, a leading direct access firm serving both the buy and sell side.
SonicFT’s trading platform, SonicSTORM™, is an ECN aggregation tool offering full depth of book, order entry and market making functionality to Broker Dealers and their respective institutional clients. Under the agreement, SonicSTORM™ can be accessed via SAVVIS’ Intelligent IP NetworkSM enabling customers to better manage their portfolios and trade more efficiently and cost effectively via a single, secure, real-time connection to more than 15 sources of liquidity. Known as “instant liquidity,” this includes access to all 8 ECNs, Nasdaq, and multiple listed equity destinations.
“For customers to manage all of these connections personally it takes enormous time, manpower and above all cost – they need one manageable connection for all of their market access and data needs,” said Joseph Cammarata, Co-Founder and Managing Director at Sonic Trading Management, Sonic’s parent company. “With SAVVIS, we have cut customer implementation and connection time from two months to two weeks – for customers requiring a hard line.”
“We are proud that Sonic selected SAVVIS to deliver the technology infrastructure and services to enable the company to expand and enhance its financial products and services,” said Jack Finlayson, president and chief operating officer of SAVVIS. “In this business, milliseconds matter, and we’re happy to assist in Sonic’s pursuit of quality service.”
About Sonic Financial Technology (SFT)
Sonic Financial Technologies, LLC is a leading trading technology provider servicing the equity trading community. Sonic strives to provide utility like execution service that’s both reliable and cost effective. Sonic provides direct access to every ECN, SuperMontage and the NYSE in a completely agnostic environment. Sonic offers their trading clients flexible and scalable technology, which includes customizable smart order routing to adapt to the ever-changing definitions of best execution, as well as features to handle block orders with minimal market impact. Sonic’s technology provides a complement to the valuable research and advisory services provided by sell side firms, as well as lower execution costs and heightened service quality to institutional buy side firms. In summary, Sonic allows for a more feature-rich, customizable application at the most competitive pricing levels available. For more information, please visit www.sonicft.com.
SAVVIS Communications (NASDAQ: SVVS) is a leading managed services provider that delivers IP VPNs (virtual private networks), hosting, and application 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 MCI/WorldCom, and its network reliability was declared “perfect” in Network World magazine’s groundbreaking study of backbone performance. SAVVIS recently won the first ever 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: .
This press release 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.
Sonic Financial Technologies, LLC