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Jersey, says: “As a firm we look at hosting as a communications networks globally, and count on the
managed service that we provide, which encompasses backing and support of Savvis’ on-site technology
co-location, as well as a typical outsourcing of the professionals. This wide offering can free a trading
client’s hardware and their applications.” firm’s staff to focus on their core competencies and
what they do best - trading.
He adds: “We’re able offer a broad suite of services,
which spans co-location, managed hosting and as well Nigel Woodward, Worldwide Financial Services
as going further into virtualisation and enterprise Director, Intel, commenting on the somewhat
cloud solutions, an area which we are currently “semantic” definitional aspects of co-lo/PH, says:
expanding into.” For Savvis, it is about having a “Proximity would mean as close a proximity as you
broad set of infrastructure services available for both can geographically achieve. It could be co-located, but
exchange/market venues like FXall as well as their it might not be. And, co-location is actually within the
customers in terms of distributing out the service. data centre where the matching engine of particular
FX or equity venue one wishes to access may reside.”
Thomas, who has some twelve years service with the
provider (if one includes the Bridge Information But again, not all exchanges/trading venues - FX or
Systems legacy), adds: “We are able to host client otherwise - permit co-location within their own
applications in our data centres by providing customers exchange data centre. Some do, as with the New York
with the hardware or allowing them to use their own.” Stock Exchange (NYSE), which is building out a new
data centre in New Jersey with a dedicated floor for
The benefits of Savvis Proximity Hosting are touted co-location provision.
as significantly and dramatically reducing latency by
establishing an algorithmic trading presence closer to Others use third-party data centres and hosting
sources of market data. Housing a trading firm’s specialist. CME, for example, has an approved list of
financial and trading infrastructure in the same data proximity hosting providers for access to its matching
centre as where major FX exchange servers reside systems - Savvis is one of those providers, being
helps to shave micro- and milliseconds. located in the same facility. But potential users should
bear in mind that using proximity hosting providers
can have advantages over opting for a co-lo solution
at a certain exchange. The reason: exchanges’ core
business is running their markets whilst proximity
data vendors have a core competency in providing
hosting solutions to multiple venues.
“Proximity hosting could even involve long lining in,”
explains Petrina Steele, Vice President, Business
Development, of Equinix Europe. “It can involve any
element of connectivity in order to get proximate to
the engine. And, co-locating is locating next to the
engine, or next to a prime access POP.”
Providers
In terms of specialist technology firms providing
proximity hosting and co-lo services today to the FX
market and across other asset classes (both
Petrina Steele incumbent/alternative venues), there are major players
“Many of our communities are built around getting as much like Savvis, Equinix, BT Radianz with their Ultra and
aggregation as possible into one facility.” Proximity services, as well as Verizon, TNS
(Transaction Network Services) and other telco service
providers.
Clients opting for a Savvis offering can also take
advantage of the provider’s full suite of VPN and Equinix, which operates 45 data centres in 18
Internet services, as well as accessing more than 200 countries, currently lists a number of FX venues
data products from various exchanges and electronic including Currenex, Fortex, GAIN Capital, Hotspot
|50 october 2009 e -FOREX
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