US-based data center services provider Savvis has partnered with the Singapore Exchange (SGX) to provide IT infrastructure services to customers in Singapore out of two data centers in the country with direct low-latency connectivity to SGX’ market services.

The deal underlines CenturyLink-owned Savvis’ strong standing in the market as a provider of data center services to the global financial-services industry. Examples of other major deals the company has made in this space include a disaster-recovery-services contract with BATS in Chicago in January and an older multi-year global hosting deal with Thompson Reuters.

As stock-exchange operators increasingly become providers of technology services to their customers, some chose to develop all capabilities in-house (a path NYSE Euronext has taken), and others partner with companies like Savvis to gain those capabilities.

Tinku Gupta, head of market data and access at SGX, said, “We are delighted to work closely with Savvis in promoting our ultra-low latency colocation services and to offer dual-site hosting to financial institutions, which is ideal for business continuity.”

The partnership covers managed hosting, colocation, network and low-latency market-connectivity services. The two companies will provide dual-site hosting for resiliency.

CenturyLink, a Louisiana-based telecommunications company, bought Savvis in 2011 for US$2.5bn as part of the wave of acquisitions of data center-services companies by telcos, which were looking to capitalize on the growing cloud-infrastructure market.