Savvis, Inc., a global leader in cloud infrastructure and hosted IT solutions for enterprises, today announced that it has reached an agreement with global interdealer broker ICAP to provide Savvis’ clients who are also authorised traders of EBS and BrokerTec with ultra-low latency direct access to the EBS foreign exchange (FX) and BrokerTec fixed-income trading platforms via ICAP’s premium i-Cross colocation service.
The EBS platform provides access to global markets for more than 2,800 spot FX, precious metals and non-deliverable forwards traders in over 50 countries around the world. BrokerTec is a leading electronic trading platform for fixed-income markets including U.S. Treasuries, European government bonds and U.S. and E.U. repos, providing innovative trading technology solutions across a wide range of products.
The premium i-Cross colocation solution for spot FX traders enables low latency, high-speed trading and market data connections to the EBS platform in New York, London and Tokyo. i-Cross provides these same colocation solutions for traders on the BrokerTec platform in North America.
Savvis operates 31 data centers globally. Initially, ICAP access points will be available to firms located in Savvis’ Weehawken, N.J., and Slough, U.K., data centers, with possible new locations in future.
“Providing access to the EBS and BrokerTec trading platforms further enhances the connectivity options for the ecosystem of financial services participants in Savvis’ data centers,” said Varghese Thomas, global head of financial services for Savvis.