Fixed income trading platform ValuBond is to use Savvis' Financial Transaction Service to offer FIX network connectivity to its 300 brokerage users.
Mitch Gersten, CTO of ValuBond, says: "Savvis' FTS network and managed services provide a low-cost, high-value way for our clients to enhance their network connectivity and for us to reduce costs and implementation time for integrating with the ValuBond trading platform."
Currently, ValuBond offers its buy-side clients access to electronic execution on an aggregated bond inventory from 200+ investment firms, and offers sell-side clients the opportunity to increase order flow.
As part of the Savvis FTS, Savvis will deploy a FIX (Financial Information eXchange) network to provide ValuBond clients with an additional gateway for electronic order routing connectivity.