Exchange gets connected to woo US banks


Exchange gets connected to woo US banks

Will Hadfield

The London Stock Exchange is extending its data services to the US after connecting its IP network to that of US-based network supplier Savvis.

The exchange has signed a multi-year deal with Savvis that will enable it to provide data services to 85% of banks in the US and half of banks in Asia.

Savvis has built a point of presence - a physical location holding switches, servers and routers - in London that will link to the point of presence built by the stock exchange's network supplier Verizon.

The exchange's head of real-time data information services, Wendy Morgan, said the new set-up was needed because a direct connection was not usually viable for clients outside Europe.

How Savvis connects to exchange's network

Related article: Stock exchange prepares for new trading system

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