Savvis Provides Ultra Low Latency Connectivity to Eris Exchange, the Leading Open Access Futures Exchange
(Canada Newswire Via Acquire Media NewsEdge) Colocation and Network Connectivity Options Enhance Marketplace Within Savvis' Trading Ecosystems ST. LOUIS, Jan. 23, 2012 /CNW/ - Savvis, a CenturyLink company (NYSE: CTL), today announced the availability of a range of low latency connectivity options for trading firms requiring access to interest rate swap futures transacted on Eris Exchange, LLC.
(Logo: http://photos.prnewswire.com/prnh/20111122/CG10879LOGO) Eris Exchange is the leading, open access futures exchange for interest rate risk management, offering forward starting and spot starting interest rate swap futures contracts cleared by CME Clearing. Clients access the exchange via the Eris SwapBook™ electronic trading platform and Eris BlockBox™ trade reporting portal. Eris Exchange's innovative IRS futures contracts combine the flexibility of over the counter (OTC) swaps with the ease of futures processing.
Trading participants can leverage Savvis Markets Infrastructure to connect to Eris Exchange. Colocation with Eris Exchange's trading infrastructure is available in Savvis' NJ3 data center in Piscataway, N.J., and CH4 facility in Chicago. Alternatively, cost-effective low latency connectivity is available across Savvis' global network from NJ3 to other data centers.
"Eris Exchange offers unique benefits to swap end-users seeking to tap new liquidity pools and maximize capital efficiency in anticipation of the Dodd-Frank clearing mandate," said Michael Riddle, chief operating officer for Eris Exchange. "Savvis Markets Infrastructure connectivity provides a broad and flexible range of IT infrastructure solutions for trading participants seeking to access our markets." 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 trust Savvis to host their trading systems and matching infrastructure. Savvis Markets Infrastructure provides ubiquitous access to an unparalleled breadth of marketplaces resident in Savvis' facilities.
"We welcome Eris Exchange into our global community of trading ecosystems," said Varghese Thomas, global head of financial services at Savvis. "As trading firms look to diversify their strategies and regulatory changes create new opportunities for alpha-generation, new liquidity venues will find a ready market of firms wishing to connect and trade." Savvis infrastructure solutions are tailored for the financial services industry. This includes proximity hosting for trading platforms across all asset classes and highly flexible grid computing platforms for applications such as risk management, as well as analytics and global connectivity solutions. For more information about Savvis' financial services solutions, visit www.savvis.com/financial.
About SavvisSavvis, 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.
About CenturyLinkCenturyLink 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.
For more information, visit www.savvis.com or www.centurylink.com.
About Eris ExchangeEris Exchange is a futures exchange (Designated Contract Market) regulated by the CFTC, and lists a US Dollar-denominated interest rate swap futures contract. Since launch, Eris Exchange has traded more than $34 billion in notional value of Eris Interest Rate Swap Futures. Eris Exchange contracts are cleared by CME Clearing, a leading derivatives clearing house. For more information, visit Eris Exchange online at www.erisfutures.com SOURCE Savvis
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