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Savvis said it added low-latency connections to an “open access’’ exchange for interest-rate swap futures.
The data center operator owned by CenturyLink said it began providing access to the Eris Exchange, an electronic platform for trading in interest-rate futures.
Eris Exchange provides forward starting and spot starting interest-rate swap futures contracts, cleared by CME Clearing.
Trading firms access the exchange via the Eris SwapBook electronic trading platform or the Eris BlockBox trade reporting portal. Eris’ futures contracts on interest-rate swaps combine features of over-the-counter swaps with the ease of futures processing.
Co-location with Eris Exchange's trading infrastructure is available in Savvis' NJ3 data center in Piscataway, N.J., and CH4 facility in Chicago.
Alternatively, connections are available across Savvis' global network from NJ3 to other data centers.
Here is a look at Savvis’ NJ3 facility.
Tom Steinert-Threlkeld writes for Securities Technology Monitor.
Tom Steinert-Threlkeld is editorial director of the Money Management Group at SourceMedia. He oversees the Web and print operations of Money Management Executive, Mandate Pipeline, and Securities Technology Monitor. He also advises the Web operations of FInancial Planning, On Wall Street and Bank Investment Consultant. He was vice president of the Enterprise Group of Ziff Davis Media, where he founded Baseline magazine and was editor of Interactive Week. He also has extensive background in metropolitan daily news at The Dallas Morning News and the Fort Worth Star-Telegram in Texas. More recently, he served as editorial director of Broadcasting and Cable as well as Multichannel News magazines for Reed Business Information.
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