Savvis (Nasdaq: SVVS), a leading global provider of outsourced internet infrastructure services and low latency connectivity to major financial exchanges, today announced that Bats Global Markets is expanding its hosting space in Savvis' Weehawken data center to support current business growth and the launch of both the Bats U.S. Equity Options Exchange (announced separately July 8, 2009) and second U.S. Equities Exchange (BYX) (announced on September 17, 2009) in early 2010.
BATS will also expand its footprint within the Savvis Docklands data center in London in preparation for continued growth of the BATS Europe multilateral trading facility.
Savvis recently announced a significant expansion to its flagship data center NJ2 in Weehawken, N.J. The expanded facility, named Savvis NJ2X, is a powerful financial data center complex that extends Savvis' footprint in the highest demand market for its services, the New York-New Jersey financial hub.
"Savvis has been a trusted service provider for BATS since our founding in 2005," said BATS COO Chris Isaacson. "As a recognized leader in financial IT infrastructure, Savvis provides BATS Exchange and BATS Europe MTF with high performance proximity hosting of our world-class trading platform and will now serve as the hosting infrastructure foundation for our new U.S. equity options exchange and second U.S. equities exchange."
"This expansion will allow the more than 400 members of BATS Exchange to leverage existing connectivity to also access the BATS options exchange and second equities exchange. We believe this is the optimal use of existing technical infrastructure rather than forcing our members to move data centers or connectivity links," he said.
BATS Exchange is the third largest equity exchange operator in the U.S. and BATS Europe, less than a year old, currently holds more than 4% market share in each of the major indices, including about 10% of the FTSE 100.
"We are pleased to expand our relationship with BATS as they continue to grow globally," said Varghese Thomas, VP of Financial Markets. "Savvis is focused on IT infrastructure solutions that provide a wide range of low latency connectivity options to the worlds leading financial exchanges and liquidity venues and ultimately enhance the investment strategies of these customers."