Savvis to Host Barclays Capital's LX(SM) Dark Liquidity Crossing Network
By Savvis Inc., PRNEMonday, June 21, 2010
Company Continues to Meet the Needs of Electronic Trading Customers
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 +1-212-526-0389 or at Ashleigh.Hults@BarclaysCapital.com.
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.
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.
Investors, Peggy Reilly Tharp, +1-314-628-7491, peggy.tharp at savvis.net, or Media, George Csolak, +1-314-628-7266, george.csolak at savvis.net, both of Savvis, Inc.
Tags: England, June 22, Missouri, Savvis Inc., St. louis