Savvis, Inc. (SVVS) today unveiled a new service enabling Wall Street trading firms to connect directly to leading financial exchanges to execute trades. SAVVIS Exchange Express builds on the company's existing beachhead in the growing market for low-latency connections to power computer-driven automated trading.
"Direct access to market data feeds with the lowest latency - whether it is achieved by access method, proximity, or a combination of both - continues to be a high priority for trading firms," said Tom Price, Senior Analyst at the Tower Group. "Electronic trading has evolved to the point where 'low' latency clearly translates to lower risk for the investor and higher competitive advantage for the firms they trade with."
Exchange Express provides Ethernet access to direct feeds from the American Stock Exchange and SFTI (Secure Financial Transaction Infrastructure), which Savvis says provides the lowest latency network access for algorithm-based trading applications. The new service supports the Amex's new Depth of Book (ADOB) data feed, a real time compilation of equity and ETF (exchange-traded fund) orders in the Amex system.
"We believe SAVVIS Exchange Express establishes a new benchmark for low latency access to direct market data feeds," said Varghese Thomas, Vice President and General Manager of Financial Markets for Savvis. "Exchange Express represents another step forward in SAVVIS' commitment to provide the most comprehensive portfolio of low latency connectivity solutions to the most important trading venues in the world."
Savvis provides direct connectivity to 125 real-time data feeds from over 20 of the world's top exchanges, including the New York Stock Exchange, NASDAQ and London Stock Exchange.