SAVVIS, an IT infrastructure services provider for business applications, is to provide a proximity hosting service, offering access to the London Stock Exchange (LSE) for member firms, hedge funds, market data vendors and the automated trading community.
SAVVIS said the solution will enable faster access and lower latency connectivity to the London markets, and is scaleable to meet the demands of rapidly rising trading volumes. The firm also believes the service will provide a competitive advantage for algorithmic trading applications.
Existing members and new customers can now host at SAVVIS’ London Docklands data centre and connect via their high-speed Extranex network to the LSE. SAVVIS said the service also gives clients the full advantage of the LSE’s new Infolect and TradElect platforms, which deliver high-speed market data feed and low-latency trading access respectively.
“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 LSE’s markets,” said Wendy Morgan, head, real-time data, LSE, in a statement. “We therefore welcome SAVVIS’ investment in this service as it increases the number of direct participants in our markets.”