Savvis connects hedge funds to major US exchanges

The service, Savvis Proximity Hosting, connects algorithmic traders and hedge funds to the exchanges in a low-latency environment for market data and trade execution.

Traders anywhere in the world can host their application servers securely in proximity to the servers of the exchanges in a designated area of the data centre.

The exchanges and electronic communications networks (ECNs) on offer include the American Stock Exchange (AMEX), the Philadelphia Stock Exchange (PHLX) and BATS Trading, a