News

Exchange gets connected to woo US banks

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

http://en.wikipedia.org/wiki/Point_of_presence

Related article: Stock exchange prepares for new trading system

Comment on this article: computer.weekly@rbi.co.uk


 


Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
 

COMMENTS powered by Disqus  //  Commenting policy