Download SAVVIS selected by the Montréal Exchange for online trading

SAVVIS FINANCIAL XCHANGESM SERVICES SELECTED BY THE MONTRÉAL
EXCHANGE FOR ONLINE TRADING APPLICATIONS
The Montréal Exchange Enhances Electronic Trading Floor Using SAVVIS Network
HERNDON, VA, April 24, 2002 – SAVVIS Communications (NASDAQ: SVVS), the premier
provider of virtual private networks (VPNs) and managed hosting to the global financial markets,
announced today that Bourse de Montréal Inc., the Montréal Exchange, selected SAVVIS’
Financial XchangeSM to deliver network connectivity to its electronic trading system, called the
Système automatisé de Montréal/Montreal Automated System (SAM).
The Montréal Exchange will use SAM and SAVVIS Financial XchangeSM to connect approved
participants to a portfolio of research and trading applications. By connecting to SAM via
SAVVIS’ global network, users can transmit orders to the Montréal Exchange and receive
execution confirmation reports over high-speed TCP/IP connections from anywhere in the world.
Participants on the Montréal Exchange include some of the largest broker-dealers in the world.
“On December 24, 2001, the Montréal Exchange opened a new era in derivatives trading by
closing its traditional trading floor and launching the Montreal Automated System (SAM), the
first of its kind in North America,” said René Millette, Chief Strategic Officer, Information
Technology at the Montréal Exchange. “With SAVVIS Financial XchangeSM we can offer access
to our electronic trading system via a secure, high-performance private extranet and leverage
SAVVIS’ global connectivity in the financial services industry as we grow our customer base.”
SAVVIS Financial XchangeSM connects more than 4,700 financial institutions to financial
applications and data and is fast becoming the standard for connecting to the leading exchanges
in the world. In addition to the Montréal Exchange, SAVVIS Financial XchangeSM provides data
connectivity to a growing list of exchanges including the Boston Stock Exchange, the Chicago
Board Options Exchange, the Merchants’ Exchange, and the New York Stock Exchange and top
electronic communications networks (ECNs) like CollectiveBid, LiquidNet, and MarketAxess.
“The Montréal Exchange, like SAVVIS, has a well-deserved reputation for innovation,” said Jack
Finlayson, President and Chief Operating Officer of SAVVIS. “They have combined their
advanced applications and futures market expertise with SAVVIS’ Financial XchangeSM services
to become the most efficient and cost-effective self-regulated marketplace for the trading of
Canadian financial derivative instruments. SAVVIS' networking expertise and vast connectivity
to the global financial community will further enhance the Montréal Exchange’s leadership
position in the marketplace.”
About SAVVIS
SAVVIS Communications Corp. (NASDAQ: SVVS) is a global business network service
provider (NSP) that delivers virtual private networks (VPNs), managed hosting and Internet
services to medium-sized enterprises and the financial services market. The mid-market, which is
underserved by traditional data communications carriers, is the fastest growing segment of the IP
VPN market. In financial services, SAVVIS is a leading provider of high-performance
networking solutions to this demanding industry. SAVVIS Financial XchangeSM, a VPN-based
extranet and private VPN service platform, provides speed-to-market advantages through
connectivity to more than 4,700 financial institutions worldwide.
SAVVIS Financial XchangeSM solutions include private Intranets and Extranets, highperformance Internet access, and managed hosting services. All Financial XchangeSM solutions
meet the rigorous requirements of the financial services industry by combining the flexibility and
fast time-to-market of the Internet, with the Quality of Service (QoS), security, and reliability of
private networks. In addition, Financial XchangeSM is one of the largest carriers of Financial
Information eXchange protocol (FIX) traffic in the United States and has partnerships with many
FIX application and services providers.
SAVVIS Financial XchangeSM solutions are delivered over the company’s Intelligent IP
NetworkingSM platform that was named Product of the Year for 2001 by the editors of Network
Magazine. SAVVIS beat out well-known VPN providers such as AT&T, WorldCom, Sprint and
Genuity.
SAVVIS Communications was ranked the eighth fastest-growing technology company in North
America on the 2001 Deloitte & Touche Technology Fast 500, which ranks companies based on
five-year percentage revenue growth from 1996 – 2000.
For more information about SAVVIS and its Intelligent IP networking, visit:
http://www.savvis.net.
About the Montréal Exchange
The Montréal Exchange was established in 1874 and is Canada’s oldest exchange. Throughout
its history, the Montréal Exchange has distinguished itself as an innovator. In 1975, it was the
first Canadian exchange to list options and, soon after, to establish a major futures market.
Today, the Montréal Exchange is the first traditional exchange in North America to offer a fully
electronic trading environment that is used by both individual and institutional investors to trade
a wide range of derivative products on equity, index, and interest rate. The Montréal Exchange
also offers clearing services through its corporation, the Canadian Derivatives Clearing
Corporation (CDCC) and training (e-learning and in-class) through its Derivatives Institute.
For more information about the Montréal Exchange, visit www.m-x.ca