SAVVIS Launches Financial Markets Connect(SM); New Program Provides One-Stop IT Infrastructure and Services for Enablement of R
20 Juni 2006 - 10:00AM
Business Wire
Charter Member SpryWare Looks to SAVVIS for Performance Gains, Cost
Savings, and Data Choices SAVVIS, Inc. (NASDAQ:SVVSD), a global
leader in IT infrastructure services for business applications,
today announced Financial Markets Connect(SM) (FMC), a new program
designed to support a wide variety of market data participants with
SAVVIS' global IT infrastructure and managed financial services.
The company also announced SpryWare, a Chicago-based software
company providing ultra low latency, standardized market data in
the financial services marketplace, as a charter member of the
program. SAVVIS FMC is designed to provide a total solution
including low latency access to direct exchange data, application
hosting in SAVVIS' 25 data centers, and data distribution via
SAVVIS' global multicast financial network. The program is designed
to support high frequency trading applications on both the buy- and
sell-sides, ticker plant vendors, and consolidators, to provide
them with the hosting and network infrastructure solutions needed
to support their financial applications and market data
distribution needs. In addition, SAVVIS FMC is well suited for
financial institutions and trading systems companies that currently
have data delivery solutions in place but are interested in cost
savings, performance, and flexibility associated with SAVVIS'
hosted delivery model. Headquartered in Chicago's financial
district, SpryWare offers the latest in ultra low-latency, direct
market access (DMA) technology. By using expert engineering and
innovative technology, SpryWare is able to process and distribute
direct market data with latency of less than one-half a
millisecond. SpryWare will use FMC to connect market data consumers
to the SpryWare Market Information Server (MIS) (TM). Utilizing the
FAST Protocol(SM), the SpryWare MIS normalizes direct market feeds
and reduces bandwidth usage by up to 90%. "SAVVIS' Financial
Markets Connect allows SpryWare to offer a robust distribution and
connectivity option to our clients. Speed and reliability are
essential in market data, and SAVVIS delivers both," said SpryWare
director Daniel May. "The SAVVIS network allows us to easily reach
clients in diverse geographic locations." "Low latency continues to
be a key requirement for the receipt, translation and distribution
of market data to consuming applications, but the advent of hosted
financial applications and infrastructure solutions are playing
increasingly important roles," said Tom Price, Senior Analyst,
TowerGroup. "Financial application developers and vendors are now
demanding end-to-end infrastructure solutions that combine
flexible, low latency network access to direct exchange feeds with
global data centers, best-practices operations, security, and
professional services enabling increased levels of choice,
scalability, and cost savings." "SAVVIS' Financial Markets Connect
provides a total network and hosting solution that can improve the
performance of a financial institution's proprietary applications
and enable a software vendor to build revenue rapidly," said
Michael Cooleen, Vice President & General Manager, Financial
Markets Division, SAVVIS. "It is a win-win-win solution as SAVVIS
provides ultra-low latency network and hosting services, the
application developer delivers innovative functions as a bundled
offering, and the end user benefits from a new value-added service
that features an optimal support model and a one-stop approach."
About SpryWare SpryWare is a Chicago based software company
providing ultra low latency, standardized market data in the
financial services marketplace. We are co-authors and technology
enablers for FIX Adapted for Streaming(SM) (The FAST Protocol(SM)).
Our focus is low latency, high frequency, standards based market
data delivery. Our core product, the Market Information Server
(MIS)(TM), is a cost effective solution to the Direct Market Access
(DMA) consumer. By using expert engineering and innovative
technology, SpryWare is able to process and distribute direct
market data with latency of less than one-half a millisecond. Call
+1 312 922 SPRY for more information, or visit
http://www.spryware.com. About SAVVIS SAVVIS, Inc. (NASDAQ:SVVSD)
is a global leader in IT infrastructure services for business
applications. With an IT services platform spanning North America,
Europe, and Asia, SAVVIS has over 5,000 enterprise customers and
leads the industry in delivering secure, reliable, and scalable
hosting, network, and application services. These solutions enable
customers to focus on their core business while SAVVIS ensures the
quality of their IT systems and operations. SAVVIS' strategic
approach combines virtualization technology, a global network and
25 data centers, and automated management and provisioning systems.
For more information about SAVVIS, visit: http://www.savvis.net.
Forward-Looking Statements This document contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Actual results may differ materially from
SAVVIS' expectations. Certain factors that could affect actual
results are set forth as risk factors in SAVVIS' SEC reports and
filings, including its annual report on Form 10-K and all
subsequent filings. SAVVIS assumes no obligation to update or
supplement forward-looking statements.
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