Savvis Hosting UBS ATS and Direct Execution Trading Infrastructure
By Savvis Inc., PRNEMonday, May 10, 2010
Addition of marquee client demonstrates company's continued financial services leadership
ST. LOUIS, May 11, 2010 - Savvis, Inc. (Nasdaq: SVVS), a global leader in cloud infrastructure and
hosted IT solutions for enterprises, today announced that UBS Investment
Bank's equities electronic trading infrastructure and the firm's Alternative
Trading System, UBS ATS, are now hosted by Savvis in its premier financial
data center complex.
UBS's direct market access (DMA) and algorithmic trading infrastructure
is able to connect to a wealth of additional execution venues and market data
sources available across Savvis' global network and footprint of data
centers, with greater speed than ever. UBS ATS, the firm's non-displayed
crossing pool that enables client orders to interact with all of UBS's U.S.
equities liquidity and its institutional agency algorithmic trading flow, is
now also located in the Savvis financial data center complex in Weehawken,
NJ.
"As part of our continuing efforts to reduce latency and enhance our
clients' ability to achieve performance, UBS has located some of its trading
technology - including our smart order router, algorithmic trading engine,
and our ATS - to Savvis' data center complex," said Charlie Susi, head of
Direct Execution, Americas for UBS Investment Bank. "Low latency trading is
important to all types of clients, because it enables our trading strategies
and platforms to deliver optimal capabilities. The Savvis global financial
network enables us to deliver a real proximity advantage to our clients."
"UBS is a top tier firm, known for their innovative electronic trading
capabilities and state of the art technology. We're pleased to welcome them
to the Savvis data center complex in Weehawken, NJ," said Varghese Thomas,
global head of financial services for Savvis. "We developed this data center
with the goal of being able to host advanced trading systems, for firms such
as UBS, and to provide enhanced speed of connectivity. It's very exciting to
be able to assist UBS in delivering the next level of low latency services to
their clients."
About Savvis
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 savvis.net.
Investors and Media, Peggy Reilly Tharp of Savvis, Inc., +1-314-628-7491, peggy.tharp at savvis.net
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