18 October 2017

LME outsources comms to Savvis

07 May 2003  |  5431 views  |  0 global_2

The London Metal Exchange (LME) has awarded Savvis Communications with a multi-million pound contract over three years for the provision of managed hosting and private networking services.

The LME, which turns over more than $2000 billion annually, will use Savvis to support its overall electronic trading and matching operations both at its London headquarters and via 40 remotely located member firms.

Savvis will also provide connections to the London Clearing House and the LME's disaster recovery facilities, as well as host the corporate Web site and provide Managed Internet Services.

Key criteria in the award of the contract was the vendor's ability to host LME's total operations from its data centre located in Reading and demonstrate failsafe levels of network connectivity to over 40 member firms in the City of London.

LME IT manager Steve Mansfield says: "We needed a supplier that could provide a totally outsourced network solution, and do it in a way that supports LME's many diverse roles and business requirements. We didn't want a 'one size fits all' approach. Savvis met all our needs in a highly competitive environment."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Savvis Communications and InfoDyne in market data pact

Savvis Communications and InfoDyne in market data pact

30 April 2003  |  5926 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.com visit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15183 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8384 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7897 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7335 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6489 views comments | 8 tweets | 16 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job