Savvis, Inc. (NASDAQ: SVVS), a global leader in cloud infrastructure and hosted IT solutions for enterprises, today announced that Barclays Capital's dark liquidity crossing network, LX, is being hosted in Savvisâ NJ2 premier data center complex in Weehawken, N.J.
LX is Barclays Capital's crossing network, which aggregates unique liquidity from its global client base, market structure investments and internal trading desks. LX has experienced rapid volume and market share growth in the first half of 2010, with matched volume exceeding 100 million shares per day. âWe believe that using a provider like Savvis will make LX an even more important liquidity source for clients looking to achieve best execution,â said Bill Libby, vice president of electronic trading services.
Savvis is an industry leading provider of financial vertical services. At its premier data center complex located in metro New York, the company hosts two of the top four displayed and five of the top 10 non-displayed markets in the U.S., which represents more than a quarter of average daily trading volume. The company continues to expand its leadership in this area by providing the high quality, low latency services that financial firms demand.
âBarclays Capital is committed to providing our customers with state-of-the-art trading and technology solutions,â said Bill Bell, head of U.S. electronic trading distribution. âColocating our execution products in Savvisâ NJ2 data center complex is an important step in becoming a central point of liquidity for our clients.â
âWeâre proud to announce the addition of LX to the ever-growing pool of key liquidity venues that have chosen to be hosted in our data centers,â said Varghese Thomas, global head of financial services for Savvis. âFirms such as Barclays Capital realize the benefits in collaborating with a market-leading infrastructure provider, allowing them to deliver value-added solutions to their customers.â