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SAVVIS accelerates BATS' transatlantic flight

BATS Trading, one of the world’s fastest growing market centres has announced that SAVVIS, a global leader in managed IT infrastructure services for business and government applications, will host BATS’ electronic equities trading platform in Europe.

Less than two years old, BATS has captured nearly ten percent of matched US market share and recently announced its plans to enter the European equities market. SAVVIS will work with BATS to help the exchange replicate its Stateside success in Europe.

Known as one of the fastest trading platforms in the US market, a key part of the deal will allow BATS’ customers to use SAVVIS’ Proximity Hosting solution to further reduce transaction times.

“With the advent of the Markets in Financial Instruments Directive (MiFID), there is real demand in Europe for access to global markets and, in order to make international trading successful, we must replicate the same speed and responsiveness we’ve displayed in the US,” said Ken Conklin, senior vice president in charge of business development at BATS. “With our dedication to making markets better while working in tandem with the broker-dealer community, SAVVIS, with its proven experience, is a natural fit for us in Europe.”

SAVVIS currently provides managed hosting and networks for a number of the world’s largest financial exchanges, investment banks and hedge funds. It has hosted BATS Trading since its inception in the United States and has provided Proximity Hosting to BATS customers since August of 2007.

SAVVIS’ newly expanded data centre in London’s Docklands will give BATS the capacity for future growth, maintaining the momentum of aggressive expansion it has experienced since launching in 2006. BATS customers will be able to host their platforms in the Docklands data centre and use SAVVIS’ Proximity Hosting solution to significantly reduce estimated transaction times to microseconds. As the SAVVIS facility is also in close proximity to London’s financial district, further reducing latency, it will make the transaction process faster for the trading community..

“SAVVIS has experienced first hand the rise in demand for electronic and algorithmic trading across international borders,” said Varghese Thomas, vice president and general manager of financial markets for SAVVIS. ”The expansion of our facility in the Docklands is in response to this trend, enabling increased capacity and global connectivity. Our combination of secure data centres, managed hosting and high performance networking enables firms to respond quickly to rapidly changing markets.”