CenturyLink's (NYSE: CTL) cloud and data center subsidiary Savvis has scored another point in the financial services sector by securing a contract for data center services with trading company IEX Group.
The trading provider will use Savvis' data center complex in Weehawken, N.J., as the primary site of its new alternative trading system.
Leveraging the NJ2 site in site in Weehawken and a secondary presence in Savvis' CH4 data center in Chicago, IEX said it will provide trading connectivity and market data to a range of broker subscribers.
Savvis is already a well-established player in the financial arena, providing a suite of network and latency management tools and access to over 200 exchange and liquidity venue feeds.
"Savvis' proven track record in hosting mission-critical infrastructure for a number of liquidity venues makes it an ideal partner to enlist in our mission to protect investor orders, from both a technology and market-design perspective," said Ronan Ryan, chief strategy officer at IEX, in a release.
During the third quarter, Savvis was once again a key revenue producer for CenturyLink as operating revenues rose 4.6 percent year-over-year to $342 million. The service provider also made itself more valuable to the financial and other segments it serves by adding about 80,000 sellable square feet of colocation space.
For more:
- see the release
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