London Stock Exchange launches new service from SAVVIS to increase speed of transactions

Published 13th June 2008

SAVVIS deploys low-latency service to increase speed of transactions to the London markets

~ High speed proximity hosting enables competitive link to the London Stock Exchange ~

SAVVIS, a global leader in IT infrastructure services for business applications, is to provide a proximity hosting service, offering access to the London Stock Exchange for member firms, hedge funds, market data vendors and the automated trading community.

The solution enables faster access and lower latency connectivity to the London markets. Existing members and new customers can now host at SAVVIS’ London docklands data centre and connect via their high speed Extranex network to the London Stock Exchange.

SAVVIS’ Proximity Hosting solution will scale to meet the demands of rapidly rising trading volumes and can provide a key competitive advantage for algorithmic trading applications.

The low latency solution also gives clients the full advantage of the London Stock Exchange’s new Infolect and TradElect platforms that deliver both high speed market data feed and low latency trading access.

“Firms connecting and trading on the major financial exchanges measure success in milliseconds,” said Richard Warley, International Managing Director for SAVVIS. “With SAVVIS’ heritage in the financial services market, we are well positioned to support the London Stock Exchange member firms and respond to the rise in trading volumes on the London markets.”

Commenting on the low latency service from SAVVIS, Wendy Morgan, Head of Real-Time Data at the London Stock Exchange said, “As trading volumes grow and latency becomes more crucial, it is essential that our customers have a wide variety of options when choosing to connect to the London Stock Exchange's markets. We therefore welcome SAVVIS' investment in this service as it increases the number of direct participants in our markets."

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NOTES TO THE EDITOR

About SAVVIS
SAVVIS, Inc. (NASDAQ: SVVS) is a global leader in IT infrastructure services for business and government applications. With an IT services platform spanning North America, Europe, and Asia, SAVVIS is an industry leader 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 virtualisation technology, a global network and multiple data centres and automated management and provisioning systems.

SAVVIS’ Proximity Hosting services in London add to SAVVIS’ expanding portfolio of managed IT infrastructure services for the financial services industry http://financial.savvis.net/. These services are delivered from an integrated, secure hosting and network platform that provides direct access to market data and trading execution via low latency financial IT infrastructure.

In addition to Proximity Hosting, SAVVIS offers secure, high-availability, direct connectivity to hundreds of exchange feeds around the world including major exchanges such as the New York Stock Exchange®, NASDAQ® and the London Stock Exchange. To see a full list of the exchanges and feeds delivered by SAVVIS, visit www.savvis.net/corp/savvis/MarketDataFeeds


For further press information, please contact Lisa Worrall or Lindsey Marsh at Nelson Bostock Communications:
Phone: +44 (0)207 229 4400
Email: lisa.worrall@nelsonbostock.com / lindsey.marsh@nelsonbostock.com