Exchange operator BATS Global Markets is expanding its hosting space in Savvis’ Weehawken, N.J. data center to support current business growth and the launch of both the BATS U.S. Equity Options Exchange and its second U.S. Equities Exchange, dubbed BYX, in early 2010, the company said today.
Savvis, a provider of outsourced Internet infrastructure services, recently announced a significant expansion to its Weehawken flagship data center NJ2. The expanded facility, named Savvis NJ2X, is a financial data center complex that extends Savvis’ footprint in the highest demand market for its services, the New York-New Jersey financial hub, the company noted.
“Savvis has been a trusted service provider for BATS since our founding in 2005,” said BATS COO Chris Isaacson. “Savvis provides BATS Exchange and BATS Europe MTF with high performance proximity hosting of our world-class trading platform and will now serve as the hosting infrastructure foundation for our new U.S. equity options exchange and second U.S. equities exchange.”
The expansion will allow the more than 400 members of BATS Exchange to leverage existing connectivity to also access the BATS options exchange and second equities exchange, Issacson explained. “We believe this is the optimal use of existing technical infrastructure rather than forcing our members to move data centers or connectivity links,” he said.
BATS Exchange is the third largest equity exchange operator in the U.S. and BATS Europe, less than a year old, currently holds more than 4% market share in each of the major indices, including about 10% of the FTSE 100, according to the company. In addition, BATS will also expand its footprint within the Savvis Docklands data center in London in preparation for continued growth of the BATS Europe multilateral trading facility.
Varghese Thomas, VP of financial markets at Savvis, said the company is “pleased to expand our relationship with BATS as they continue to grow globally.” Savvis is focused on “IT infrastructure solutions that provide a wide range of low latency connectivity options to the worlds leading financial exchanges and liquidity venues and ultimately enhance the investment strategies of these customers,” he added.
This article can also be found at SecuritiesIndustry.com.
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