FXall Extends and Expands Hosting Agreement with Savvis Leading Electronic Foreign Exchange Platform to Increase Infrastructure Footprint in Response to Client Demand and Market Growth
ST. LOUIS, May 7, 2012 /PRNewswire/ -- Savvis, a CenturyLink company (NYSE: CTL) and global leader in cloud infrastructure and hosted IT solutions for enterprises, today announced that FXall (NYSE: FX), the leading independent electronic foreign exchange platform, has renewed its hosting and infrastructure services agreement with Savvis and will take additional data center space to accommodate client demand and ongoing market growth.
FXall - providing more than 1,000 institutional clients a choice of execution, end-to-end workflow management and straight-through processing - receives hosting services in Savvis' NJ2 data center complex in Weehawken, N.J. FXall's customers can colocate in the facility and utilize direct fiber cross connects to establish the lowest latency connections available for trading on the platform. Additionally, FXall connectivity is available across Savvis' global low-latency network.
"Hosting our matching engine in Savvis' data center allows us to streamline the process of connecting to our trading partners and clients to deliver ultra-low-latency connectivity, while leveraging a market-leading IT infrastructure service," said Steve Rubinow, chief information officer for FXall.
The global foreign exchange market represents average daily turnover of interbank, corporate, institutional and retail trading venues estimated at $4 trillion, which is more than 12 times the average daily turnover of global equity markets combined. Approximately 43 percent of global spot foreign exchange (FX) daily volume is matched on trading engines that are hosted in Savvis data centers, with all key venues in the market within 100 microseconds of a Savvis facility.
"With increasing volumes and liquidity within the FX markets, we continue to see strong interest from clients in connecting to FXall," said Varghese Thomas, global head of financial services for Savvis. "Savvis builds compelling trading ecosystems for our clients, offering connectivity to numerous venues, and we are very proud that FXall continues to choose Savvis as its hosting infrastructure provider."
Trading firms interested in connecting to FXall should contact Savvis at 800-728-8471 or GEMS@savvis.com.
For further information, please visit www.savvis.com/financial.
Savvis, a CenturyLink company, 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.
CenturyLink is the third largest telecommunications company in the United States. The company provides broadband, voice, wireless and managed services to consumers and businesses across the country. It also offers advanced entertainment services under the CenturyLink™ Prism™ TV and DIRECTV brands. In addition, the company provides data, voice and managed services to enterprise, government and wholesale customers in local, national and select international markets through its high-quality advanced fiber optic network and multiple data centers. CenturyLink is recognized as a leader in the network services market by key technology industry analyst firms, and is a global leader in cloud infrastructure and hosted IT solutions for enterprises through Savvis, a CenturyLink company. CenturyLink's customers range from Fortune 500 companies in some of the country's largest cities to families living in rural America. Headquartered in Monroe, La., CenturyLink is an S&P 500 company and is included among the Fortune 500 list of America's largest corporations.
FXall is the leading independent global provider of electronic foreign exchange trading solutions, with over 1,000 institutional clients worldwide. FXall's offices in New York, Boston, Washington, London, Zurich, Hong Kong, Tokyo, Singapore, Sydney and Mumbai serve the needs of active traders, asset managers, corporate treasurers, banks, broker-dealers and prime brokers.
For more information on FXall, visit www.fxall.com.