June 9th, 2008 - SAVVIS Deploys Low-Latency Service To Increase Speed Of Transactions To The London Markets - High Speed Proximity Hosting Enables Competitive Link To The London Stock Exchange

SAVVIS Deploys Low-Latency Service To Increase Speed Of Transactions To The London Markets

Wendy Morgan, Head of Real-Time Data, London Stock Exchange: "It is essential that our customers have a wide variety of options when choosing to connect to the London Stock Exchange's markets."

SAVVIS is to provide a proximity hosting service, offering access to the London Stock Exchange for member firms, hedge funds, market data vendors and the automated trading community.

The solution enables faster access and lower latency connectivity to the London markets. Existing members and new customers can now host at SAVVIS’ London docklands data centre and connect via their high speed Extranex network to the London Stock Exchange.

SAVVIS’ Proximity Hosting solution will scale to meet the demands of rapidly rising trading volumes and can provide a key competitive advantage for algorithmic trading applications.

The low latency solution also gives clients the full advantage of the London Stock Exchange’s new Infolect and TradElect platforms that deliver both high speed market data feed and low latency trading access.

“Firms connecting and trading on the major financial exchanges measure success in milliseconds,” said Richard Warley, International Managing Director for SAVVIS. “With SAVVIS’ heritage in the financial services market, we are well positioned to support the London Stock Exchange member firms and respond to the rise in trading volumes on the London markets.”

Commenting on the low latency service from SAVVIS, Wendy Morgan, Head of Real-Time Data at the London Stock Exchange said, “As trading volumes grow and latency becomes more crucial, it is essential that our customers have a wide variety of options when choosing to connect to the London Stock Exchange's markets. We therefore welcome SAVVIS' investment in this service as it increases the number of direct participants in our markets."

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