Savvis (NASDAQ:SVVS), a global leader in IT infrastructure services for financial markets and business applications, today announced that Bats Trading (Bats), operators of the Bats ECN, is now available via Savvis Exchange Express which provides low latency metro Ethernet network access to the fast-growing Bats trading platform.
Previously, SAVVIS announced that SAVVIS Exchange Express is providing Ethernet access to direct feeds from the American Stock Exchange (Amex) and SFTI (Secure Financial Transaction Infrastructure). Based on metro Ethernet access to the BATS Exchange located in SAVVIS' New York area data center, SAVVIS Exchange Express provides very low latency network access to the BATS trading platform. This may provide a key competitive advantage for algorithmic trading applications, especially when compared with traditional leased line network topologies.
BATS also participates in SAVVIS' Proximity Hosting environment in SAVVIS' New York area data center (announced September 17, 2007). SAVVIS Proximity Hosting provides hedge funds and the automated trading community with a low latency environment for market data and trade execution by securely hosting their application servers in SAVVIS' data center that is in close proximity to the order matching engines of major exchanges and ECNs. The Proximity Hosting environment is fully integrated with SAVVIS' global IT infrastructure featuring high performance managed network, servers, storage, and security.
"Low latency is critical to many of our growing list of subscribers and we're excited about what this agreement with SAVVIS means for BATS," said Randy Williams, vice president in charge of sales and communications at BATS. "SAVVIS Exchange Express provides low latency metro Ethernet access while SAVVIS Proximity Hosting provides even lower latency due to the close proximity to the BATS environment. With both, our customers can now directly source the BATS trading platform and count on continued low latency as part of a high performance, financial infrastructure service. As we move towards official Exchange status, we look forward to further opportunities that benefit BATS, our customers and the industry."
"We are pleased to add BATS, a fast growing market center, onto SAVVIS Exchange Express for low latency access and proximity to their trading platform," said Varghese Thomas, Vice President and General Manager of Financial Markets for SAVVIS. "Recently averaging more than 700 million shares a day, BATS is an ideal exchange environment that can benefit from our expanding portfolio of low latency connectivity and proximity solutions."