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Savvis Supports Boston Exchange

  • By theWHIR.com , April 12, 2004
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BOX will use Savvis's Financial Xchange connectivity, as well as the company's FIX Transaction Services, to deliver electronic orders directly.

According to Savvis, BOX opened in February of 2004 with partners the Montreal Exchange and Interactive Brokers offering an opportunity for low-cost trading, an electronic auction feature and a model that functions without a trading floor. BOX's electronic platform has been fully integrated with Savvis's global network, enabling it to reach financial markets in 45 countries.

"Network connectivity is a priority for BOX as our business depends exclusively on providing efficient, secure, and simple online trading," said Mike Curran, chief operating officer at the Boston Stock Exchange. "SAVVIS' Financial Xchange(SM) will enable our customers to participate in BOX's marketplace through a high-performance, secure, and reliable network connection."

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