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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 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


 

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