Savvis hosting UBS ATS and direct execution trading infrastructure
12 May 2010 | 2428 views | 0
Savvis, Inc. (NASDAQ:SVVS), a global leader in cloud infrastructure and hosted IT solutions for enterprises, today announced that UBS Investment Bank's equities electronic trading infrastructure and the firm's Alternative Trading System, UBS ATS, are now hosted by Savvis in its premier financial data center complex.
UBS's direct market access (DMA) and algorithmic trading infrastructure is able to connect to a wealth of additional execution venues and market data sources available across Savvis' global network and footprint of data centers, with greater speed than ever. UBS ATS, the firm's non-displayed crossing pool that enables client orders to interact with all of UBS's U.S. equities liquidity and its institutional agency algorithmic trading flow, is now also located in the Savvis financial data center complex in Weehawken, NJ.
"As part of our continuing efforts to reduce latency and enhance our clients' ability to achieve performance, UBS has located some of its trading technology - including our smart order router, algorithmic trading engine, and our ATS - to Savvis' data center complex," said Charlie Susi, head of Direct Execution, Americas for UBS Investment Bank. "Low latency trading is important to all types of clients, because it enables our trading strategies and platforms to deliver optimal capabilities. The Savvis global financial network enables us to deliver a real proximity advantage to our clients."
"UBS is a top tier firm, known for their innovative electronic trading capabilities and state of the art technology. We're pleased to welcome them to the Savvis data center complex in Weehawken, NJ," said Varghese Thomas, global head of financial services for Savvis. "We developed this data center with the goal of being able to host advanced trading systems, for firms such as UBS, and to provide enhanced speed of connectivity. It's very exciting to be able to assist UBS in delivering the next level of low latency services to their clients."