Oct, 2003 : SAVVIS to Host Financial Firm's Trading Platform

📅 October 27, 2003 - Managed services provider SAVVIS Communications (savvis.net -> lumen.com) announced today it has signed Sonic Financial Technology, a trading technology provider, to a managed services contract. Under the terms of the agreement, SAVVIS will host the company's trading platform, SonicSTORM, on its network and provide managed services.

According to Joseph Cammarata, the co-founder and managing director of SonicSTORM's parent company Sonic Trading Management, the company was able to reduce customer implementation and connection time from two months to two weeks.
SAVVIS said that hosting and managing the application will allow SonicSTORM customers to better manage their portfolios and trade more efficiently and cost effectively using a single real-time connection.
"We are proud that Sonic selected SAVVIS to deliver the technology infrastructure and services to enable the company to expand and enhance its financial products and services," said Jack Finlayson, president and chief operating officer of SAVVIS. "In this business, milliseconds matter, and we're happy to assist in Sonic's pursuit of quality service."
SAVVIS specializes in delivering its managed and application services to the financial services market.

Reads: 1979 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/sav102703.cfm

Company: Savvis [savvis.net -> lumen.com]

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