Savvis Adds Aquis Exchange to Global Network of Venues
ST. LOUIS, Sept. 12, 2013
-- Ultra Low-Latency Delivery Via Savvis Markets Infrastructure
ST. LOUIS, Sept. 12, 2013 /PRNewswire/ -- Savvis, a CenturyLink company (NYSE:
CTL) and global leader in enterprise cloud infrastructure and hosted IT
solutions, today announced plans to expand connectivity to Aquis Exchange, the
proposed pan-European equities trading exchange and software developer, via
Savvis Markets Infrastructure .
(Logo: http://photos.prnewswire.com/prnh/20111122/CG10879LOGO )
Aquis Exchange , which has applied for regulatory approval as a multilateral
trading facility from the UK FCA, was established in October 2012 with the aim
of strengthening competition in the European trading landscape through the
introduction of subscription pricing and innovative order types, which can
lower trading costs for market participants.
Savvis Markets Infrastructure provides enhanced network and latency management
tools, plus access to more than 200 exchange and liquidity venue feeds, to
financial service organizations across the globe.
"In the process of creating the Aquis Exchange infrastructure, we have tried
to make the barriers to joining as low as possible for our potential members,"
said Alasdair Haynes, chief executive officer of Aquis Exchange. "By having a
company with the scale and caliber of Savvis as an authorized extranet
supplier, we hope to give users a superior and broad range of connectivity
options. We are very pleased to be working with Savvis."
"We welcome the opportunity to provide clients low-latency connectivity to
Aquis Exchange for market data and trading purposes," said Roji Oommen,
managing director, financial services, for Savvis. "By connecting new
exchanges and venues to our global network, Savvis continues to expand and
enrich the trading ecosystems available to our clients."
About Aquis Exchange Aquis Exchange, which has applied for regulatory approval
as a multilateral trading facility from the UK FCA, was established in October
2012 and has been created to operate a pan-European equities trading exchange
and develop exchange software. Aquis Exchange is set to revolutionize the
European trading landscape by its introduction of subscription pricing and
innovative order types. Currently, over 90% of European equity trading in each
individual country takes place on two exchanges. The aim of Aquis Exchange is
to bring fresh competition into the marketplace in order to lower the trading
costs maintained by the existing duopoly.
Aquis Exchange's subscription pricing works on a similar model to that of the
telecoms industry and is designed to encourage participation from all
categories of professional trading firm. Users will be charged according to
the message traffic they generate, rather than a percentage of the value of
each stock that they trade. There will be different pricing bands to
accommodate varying degrees of usage. There will be a very low usage band for
small firms, that are traditionally disadvantaged by the pricing structure of
the incumbent exchanges and, at the other end of the pricing structure, will
be the top category where usage is unlimited (subject to a fair usage policy).
About Savvis Savvis, a CenturyLink company, provides industry-leading IT
infrastructure solutions that keep enterprises powered for business in today's
ever-changing global marketplace. Combining deep, proven experience with
personal commitment, Savvis delivers cloud, colocation and managed-hosting
services over advanced networks, enabling its clients to focus on their core
environments and meet new market opportunities.
About CenturyLink CenturyLink is the third largest telecommunications company
in the United States and is recognized as a leader in the network services
market by technology industry analyst firms. The company is a global leader in
cloud infrastructure and hosted IT solutions for enterprise customers.
CenturyLink provides data, voice and managed services in local, national and
select international markets through its high-quality advanced fiber optic
network and multiple data centers for businesses and consumers. The company
also offers advanced entertainment services under the CenturyLinkTM PrismTM TV
and DIRECTV brands. Headquartered in Monroe, La., CenturyLink is an S&P 500
company and is included among the Fortune 500 list of America's largest
For more information, visit www.savvis.com or www.centurylink.com .
Contact: Emily Acquisto, Savvis, +1-314-628-7266, email@example.com
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