Re Agreement
December 16 2003 - 2:00AM
UK Regulatory
RNS Number:2877T
Easyscreen PLC
16 December 2003
U.K. financial software company EasyScreen expands in U.S.
EasyScreen Selects SAVVIS Financial XchangeSM To Host "EasyXchange"
EasyScreen Inc., a subsidiary of EasyScreen Plc (LSE: EAS, "EasyScreen"), a
global supplier of software to electronic exchanges has signed an agreement with
SAVVIS Communications (NASDAQ: SVVS), a global managed service provider, to
provide integrated hosting and network services for EasyXchange, EasyScreen's
trading platform.
SAVVIS Financial XchangeSM will serve as the network integration platform for
EasyScreen, leveraging SAVVIS' private and secure Internet Provider ("IP")
infrastructure and its robust hosting facility in Chicago, Illinois.
EasyScreen is committed to delivering the best in class integrated trading
systems to global customers. EasyXchange provides trading software and multi
asset class connectivity to global financial institutions, banks, brokers and
trading houses and also hosts and manages the connectivity to exchanges.
EasyScreen selected SAVVIS for U.S. hosting of EasyXchange based on SAVVIS'
leadership in the financial services industry, proven connectivity into all the
major exchanges, brokers and banks, as well as SAVVIS' industry-leading
guaranteed Service Level Agreement (SLA).
SAVVIS' Financial XchangeSM services will provide "24 by 7" hosting for the
EasyScreen applications and network access via SAVVIS' award-winning Intelligent
IP NetworkSM .. EasyScreen will deliver four integrated applications over the
SAVVIS network in the United States:
* EasyRouter - EasyScreen's core trading platform, connectivity and
administration middleware;
* Easy Active Trade ("EAT") - The client application for Easy Router, which
includes a functionality rich multi-asset class trading screen;
* EasyShield - A fast, sophisticated pre-trade risk management system that
aggregates margins across multi-asset classes for the most effective use of
capital;
* EasyFIX API - a FIX translation interface for the connection of client
front end trading screens and black box applications, integration of back,
middle office and client order management systems, and connection to
proprietary APIs.
EasyXchange will connect to Euronext Liffe, EUREX, Euronext Paris, Chicago Board
of Trade e-CBOT, Chicago Mercantile Exchange, Montreal Derivatives Exchange,
Singapore Exchange, the Sydney Futures Exchange and vendor connected equity and
FX markets worldwide, with more to follow in the future, including EUREX U.S.
The SAVVIS IP network now spans 1,300 cities in 45 countries, encompassing the
U.S., Canada, Latin America, Europe, The Middle East, Asia and The Pacific Rim.
SAVVIS also operates 6 managed hosting centres in the United States, Europe and
the Pacific Rim.
Commenting on the announcement
"SAVVIS' well-documented network performance, combined with their pedigree in
the financial services sector and virtualised approach to service delivery, made
them the clear choice for launching and establishing the EasyXchange trading
platform in the United States," said Philip Docker, chairman of EasyScreen. "
Maintaining EasyXchange's rapid trading speed was a vital consideration for
EasyScreen. I am delighted that EasyXchange will run on the SAVVIS network and
look forward to delivering this cutting edge, cost-effective service to our
customers in the U.S."
"EasyScreen and SAVVIS together offer a new level of service and performance to
EasyScreen customers wishing to connect to and trade on the world's electronic
financial exchanges," said Jack Finlayson, president and chief operating officer
of SAVVIS. "The EasyScreen system takes full advantage of the SAVVIS managed
utility model, including hosting, private IP VPN and Internet services, that
also distinguishes SAVVIS Financial XchangeSM."
About EasyScreen
EasyScreen (LSE:EAS) is a global supplier of trading software and connectivity
to electronic exchanges. The company is rated as a Tier One Independent Software
Vendor (ISV) by Euronext-Liffe and connects to EUREX, Chicago Board of Trade
e-CBOT, Chicago Mercantile Exchange, Montreal Derivatives Exchange, Singapore
Exchange, the Sydney Futures Exchange, the NQLX and vendor connected equity and
FX markets worldwide. EasyScreen supplies trading software to a client base of
global financial institutions, banks, brokers and trading houses. More
information may be found at www.easyscreen.com.
About SAVVIS
SAVVIS Communications (NASDAQ: SVVS) is a leading Managed Services Provider that
delivers private IP VPNs (virtual private networks), hosting, IP voice and
application services to businesses. SAVVIS solutions are designed for industries
with demanding IP requirements, including legal, media, retail, professional
services, healthcare, manufacturing, and financial services. With its recent
acquisition of the commercial business of WAM!NET, the company now delivers
fully managed media services that enable organizations to share, collaborate,
store and manage content with their partners and clients, and accelerate their
workflows in the process.
SAVVIS was ranked #3 in IP VPN market share by IDC in its 2003 report, trailing
only AT&T and MCI/WorldCom. Known as The Network that Powers Wall StreetSM, its
network reliability was declared "perfect" in Network World magazine's
groundbreaking study of backbone performance. SAVVIS recently won the American
Business Awards "Stevie"TM in the category of Best Customer Service
Organization. SAVVIS' managed hosting services were awarded the Service Provider
Excellence Award by Boardwatch magazine for its virtualized approach to managed
hosting, and the Market Engineering Award from Frost & Sullivan for product
differentiation and innovation.
For more information about SAVVIS' Intelligent IP NetworkSM and managed hosting
solutions, visit: http://www.savvis.net. For information about WAM!NET visit:
www.wamnet.com.
Contacts
EasyScreen
Peter Hodgson
+44 (0)20 7645 4600
Zoe Droy
+1 847 433 5769
Media Relations
Tom Barr
+44 (0)20 7645 4606
SAVVIS
Carter B. Cromley
+1 703 234-8033
SAVVIS Media Relations (Fleishman-Hillard)
Liz Hays
+1 202 828-8802
This information is provided by RNS
The company news service from the London Stock Exchange
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