IEX Group selects Savvis for hosting new alternative trading system Financial firms to gain low-latency access to equities venue through primary site in Weehawken, N.J., plus additional presence in Chicago
ST. LOUIS, Nov. 14, 2013 /PRNewswire/ -- Savvis, a CenturyLink company (NYSE: CTL) and global leader in cloud infrastructure and hosted IT solutions, today announced IEX Group has selected Savvis' flagship data center complex in Weehawken, N.J., as the primary site of its new alternative trading system.
Through the NJ2 site in Weehawken, plus a secondary presence in Savvis' CH4 data center in Chicago, IEX will provide trading connectivity and market data to a range of broker subscribers.
"A rich trading ecosystem, coupled with scalable IT services and connectivity solutions, make Savvis an excellent fit for our new platform," said Ronan Ryan, chief strategy officer at IEX. "Savvis' proven track record in hosting mission-critical infrastructure for a number of liquidity venues makes it an ideal partner to enlist in our mission to protect investor orders, from both a technology and market-design perspective."
IEX is the first registered alternative trading system funded exclusively by mutual funds, hedge funds, family offices and individuals, representing a cross-section of traditional investors.
"We're delighted that IEX has chosen our Weehawken facility as the home for its new trading platform," said Roji Oommen, managing director, financial services, for Savvis. "We look forward to offering IEX trading participants a range of resilient and scalable connectivity options via Savvis Markets Infrastructure."
Savvis Markets Infrastructure provides enhanced network and latency management tools, plus access to more than 200 exchange and liquidity venue feeds, to financial service organizations across the globe. Visit www.savvis.com/financial for more information.
About IEX Group
Dedicated to institutionalizing fairness in the markets, IEX provides a more balanced marketplace via simplified market structure design and cutting-edge technology. IEX offers a fair-access platform to any qualified broker dealer. IEX is driven by a team of cross-industry experts with backgrounds spanning market venues, electronic trading, and broker-dealers. IEX is the first equity trading venue owned exclusively by a consortium of buy-side investors, including mutual funds, hedge funds, and family offices.
Learn more at: www.iextrading.com
Savvis, a CenturyLink company, provides industry-leading IT infrastructure solutions that keep enterprises powered for business in today's ever-changing global marketplace. Combining deep, proven experience with personal commitment, Savvis delivers cloud, colocation and managed-hosting services over advanced networks, enabling its clients to focus on their core environments and meet new market opportunities.
CenturyLink is the third largest telecommunications company in the United States and is recognized as a leader in the network services market by technology industry analyst firms. The company is a global leader in cloud infrastructure and hosted IT solutions for enterprise customers. CenturyLink provides data, voice and managed services in local, national and select international markets through its high-quality advanced fiber optic network and multiple data centers for businesses and consumers. The company also offers advanced entertainment services under the CenturyLink® Prism™ TV and DIRECTV brands. Headquartered in Monroe, La., CenturyLink is an S&P 500 company and is included among the Fortune 500 list of America's largest corporations.