TradeStation Extends Services Contract with Savvis for Market Data and Colocation Facilities Company Looks to Expand into Europe and Asia Pacific
ST. LOUIS, July 7, 2011 /PRNewswire/ -- 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.
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.
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.
SOURCE Savvis, Inc.