Savvis (NASDAQ:SVVS), a global leader in IT infrastructure services for financial markets and enterprise applications, today announced the availability of SAVVIS Exchange Express, a new financial network solution enabling clients to directly connect to leading exchanges to receive market data feeds and execute trades.
This new service is tailored to the unique needs of the exchange applications and integrates low latency Ethernet access and SAVVIS' global high-speed private financial network.
SAVVIS Exchange Express provides Ethernet access to direct feeds from the American Stock Exchange (Amex) and SFTI (Secure Financial Transaction Infrastructure). The service provides lowest latency network access and a key competitive advantage to algorithmic trading applications when compared with traditional routed network topologies.
Deploying Ethernet from the customer location directly to SAVVIS' data centers removes extraneous hardware that typically creates additional delay. SAVVIS also manages the hardware at the customer premise providing 24x7 monitoring and notification. SAVVIS will be offering additional market data feeds over DES in the near future.
SAVVIS also announced that the Amex's new Depth of Book (ADOB) data feed is the first to take advantage of SAVVIS Exchange Express. ADOB is a real time compilation of all visible equity and ETF (exchange-traded fund) limit orders resident in the Amex (AEMI) system central limit order book. Based on its proximity in SAVVIS' New York data center, SAVVIS offers the lowest latency possible for the ADOB data feed.
"Our successful integration with SAVVIS' new Exchange Express Services supports the Amex's strategy to offer our depth of book through a low latency and reliable distribution model, while leveraging a broad global distribution network through a trusted IT infrastructure partner," said Oscar N. Onyema, SVP & Chief Administrative Officer, Amex.
In addition, SAVVIS' highly secure and resilient network will help Amex meet strict compliance and reliability requirements and ensure fast, robust, scaleable and safe delivery of its proprietary services.
"Direct access to market data feeds with the lowest latency - whether it is achieved by access method, proximity, or a combination of both - continues to be a high priority for trading firms," said Tom Price, Senior Analyst at the Tower Group. "Electronic trading has evolved to the point where "low" latency clearly translates to lower risk for the investor and higher competitive advantage for the firms they trade with."
In addition to the low latency Ethernet access included in SAVVIS Exchange Express, SAVVIS provides secure, high-availability, direct connectivity to more than 125 real-time data feeds from over 20 of the world's top exchanges, Electronic Communications Networks (ECNs), Alternative Trading Systems (ATS), and liquidity pools, such as the New York Stock Exchange (NYSE), NASDAQ, the London Stock Exchange, and many more.
"We believe SAVVIS Exchange Express establishes a new benchmark for low latency access to direct market data feeds and we are pleased that Amex selected our service to deliver its new depth of book feed," said Varghese Thomas, Vice President and General Manager of Financial Markets for SAVVIS. "Exchange Express represents another step forward in SAVVIS' commitment to provide the most comprehensive portfolio of low latency connectivity solutions to the most important trading venues in the world."