SAVVIS’ role will be to provide extranet services for the distribution of the market data, which will be comprised of certain PHLX proprietary sector index spot values currently distributed via the consolidated tape and futures product-related market data disseminated via PBOT’s market data network. The data is expected to become available to the investing public in September 2005.
“ SAVVIS is one of the most respected providers of managed IT services for real-time market data and has been a key solutions partner to PHLX for more than three years,” said Thomas A. Wittman, senior vice president of the PHLX and executive vice president and chief information officer for PBOT. “One of the value propositions PBOT will offer is a novel, valuable stream of market data that we think will be compelling for institutional and retail investors, and partnering with SAVVIS is a key step in reaching a growing global customer base.”
“The PHLX is one of the most renowned stock exchanges in the U.S. markets and we’re proud to be chosen as their partner in this new initiative,” said Matt Fox, vice president and general manager, financial services, for SAVVIS. “We have a long history of providing services to the PHLX and believe the new PBOT service adds significant value for their members and the wider global marketplace.”
