Savvis Expands European Proximity Service

Savvis plans to establish connectivity to a range of new markets via its layer 2 Ethernet network during Q4 of 2008 and the beginning of 2009, including Nasdaq OMX Europe, Chi-X and Turquoise, as well as NYSE Euronext's European SFTI infrastructure.

The service is intended to reduce the cost of establishing connectivity to a rapidly growing range of European equity market operators. "Banks are feeling squeezed to launch connectivity for all of these new MTFs [and] the capital outlay can be qu