TradeStation Extends Services Contract with Savvis for Market Data and Colocation Facilities
July 07 2011 - 9:01AM
PR Newswire (Canada)
ST. LOUIS, July 7, 2011 /CNW/ -- Company Looks to Expand into
Europe and Asia Pacific Savvis, Inc. (NASDAQ: SVVS), a global
leader in cloud infrastructure and hosted IT solutions for
enterprises, today announced that TradeStation has extended its
existing services contract for network services for an additional
two years, and is expanding the scope of the agreement to include
colocation facilities. (Logo:
http://photos.prnewswire.com/prnh/20090803/PH55929LOGO )
TradeStation is an electronic trading platform that offers
state-of-the-art electronic order placement and execution and
enables clients to scan the markets and design, test, optimize,
monitor and automate their own custom equities, options, futures
and foreign exchange trading strategies. "Low latency and reliable
access to real-time market data is paramount in ensuring that our
clients can best leverage the market-leading trading solutions we
offer," said Enrique Pizzi, chief information officer for
TradeStation. "Colocating in Savvis' NJ2 data center complex in
Weehawken, N.J., provides us a quality solution to connect directly
into a rich trading ecosystem of exchanges and other electronic
market centers. We're also pleased to have the opportunity in the
future to leverage Savvis' global reach of data centers and network
connectivity to expand into additional markets in Europe and Asia,
should we decide to do so." A number of the world's leading
liquidity venues -- including traditional equities and derivatives
exchanges, alternative trading venues such as dark pools and
crossing networks, foreign exchange and fixed-income electronic
communication networks -- already trust Savvis to host their
trading systems and matching infrastructure. "We are extremely
pleased and honored that TradeStation is extending the existing
successful relationship we have built up over the course of the
last seven years," said Varghese Thomas, global head of financial
services for Savvis. On June 14, Savvis announced the launch of
Savvis Markets Infrastructure, which allows financial services
companies to customize IT and connectivity solutions to fit their
needs. Leading financial services organizations across the globe
rely on Savvis as the foundation for their trading and IT
solutions. Savvis' global footprint of 32 data centers and
ultra-low latency and resilient network connectivity -- the core
capabilities of Savvis Markets Infrastructure -- underpin these
solutions, reinforced by a depth of experience in supporting the
financial markets. For more information, visit
www.savvis.com/financial. About Savvis Savvis, Inc. (NASDAQ: SVVS)
is a global leader in cloud infrastructure and hosted IT solutions
for enterprises. Nearly 2,500 unique clients, including more than
30 of the top 100 companies in the Fortune 500, use Savvis to
reduce capital expense, improve service levels and harness the
latest advances in cloud computing. For more information, please
visit www.savvis.com. About TradeStation Group TradeStation Group,
Inc., through its brokerage and other subsidiaries, offers the
TradeStation platform to the active trader and certain
institutional trader markets. Media: Justin Lopinot,
+1-314-628-7053, justin.lopinot@savvis.com Web Site:
http://www.savvis.com
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