SAVVIS (NASDAQ:SVVS), a leading global IT utility, announced today that Easybroker, an independent, full service, agency brokerage operating in the global equity markets, will adopt their virtualised services delivery platform.
Easybroker is one of a growing number of businesses to recognise the value of SAVVIS' virtualised platform. Launched in the UK in late 2004, after 10 years of research and development, the platform employs a utility model, which allows UK businesses to remove up to 50 percent of the hardware and associated IT infrastructure from their offices.
SAVVIS' virtualised services delivery platform provides Easybroker with greater availability than any other system they considered, and allows them to speed the execution of critical financial transactions. The platform will result in a 30 percent reduction in their annual IT budget, and ensures that they are always running the most up-to-date technology for all of their IT needs. SAVVIS hosts all of their applications in its data centre in Reading, offering failsafe operations, network connectivity and security.
"In the financial services industry, SAVVIS' name is synonymous with high availability and powerful technology," said Savvas A. Liasis, CEO of Easybroker. "Moving to this new technology was an easy decision, and it is already giving us advantages in the marketplace."
Easybroker provides a full range of equity services to institutional investors worldwide. They focus on delivering fast, reliable, and competitively priced DMA order routing services in up to 40 international markets. The company also offers full program trading services (basket and algorithmic trading), as well as proficient clearing, settlement and custodial services, allowing maximum efficiencies in both front and back office.
"In the highly competitive world of online trading and brokering, Easybroker is committed to delivering their customers the fastest, most reliable trading services possible, while not sacrificing security or availability," said Richard Warley, SAVVIS Managing Director of EMEA. "Their choice to adopt our virtualised platform for all their IT needs shows the tremendous advantages this technology can provide."