Perseus Goes Public With European Microwave Network
"Perseus has seen a strong demand for high-speed microwave technology since our preliminary launch last year; in fact, that initial capacity quickly sold out," says CEO Jock Percy. "Since then, we have provisioned additional capacity to meet customer demand and remain the fastest available microwave service between London and Frankfurt. Perseus, along with partners who offer domain and technological expertise, designed a wireless route that is also backed up by the fastest fiber network route, promising high availability."
The market-to-market service offers connections between NYSE Euronext and Liffe in Basildon and Deutsche Borse and Eurex in Frankfurt; BATS, Chi-X, Turquoise, BOAT, EBS in Slough and Deutsche Bourse and Eurex in Frankfurt; London Stock Exchange (LSE), London Metal Exchange (LME) and Thomson Reuters in London to Deutsche Borse and Eurex in Frankfurt.
According to the vendor, the current Perseus connection between NYSE Basildon and Eurex/Deutsche Borse Frankfurt is less than 4.6 milliseconds round-trip delay (RTD).
"The move towards wireless connectivity represents the trading industry's need for lower latency - the challenge is to attain this without sacrificing reliability," comments Percy. "We quietly released our microwave network last year and we're very pleased by customer satisfaction. Perseus is a company of firsts - launching QuanTA, the world's fastest Trans-Atlantic network last year, followed by the introduction of Europe's first available commercial microwave network."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Can Canada follow in the US’s footsteps in overnight trading?
Canadian marketplaces and trading venues are in a race to see who can first authorize overnight equities trading, but not everyone is convinced of its value.
‘Vibe coding is burning us out’
Vibe coding is rapidly spreading throughout the capital markets, and some are unhappy about it, while others believe the genie is out of the bottle. Engineers spoken to for this story share some choice words—and several expletives—about this new form of coding.
Broadridge-Nyfix, Delta Capita-Equilend, S&P-Ion, Trumid, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
DTCC dives into public cloud
The clearing house has begun migrating its equities clearing and settlement systems to AWS, while its tokenization systems have migrated to Microsoft Azure ahead of their launch this fall.
Solving the last line of latency
Repurposed copper cables and hollow-core fiber can optimize latency even for firms who feel they’ve hit a ceiling, writes Vahan Sardaryan in this guest column.
LSEG’s FXall to launch credit-intermediated FX forwards service
Split Risk to allow buy side to tap best spot and swap prices to create forwards, and unbundle market and credit risk
APAC’s hidden opportunity is in the hands of wealth managers
Asia-Pacific’s financial firms have lofty growth ambitions that will come with high cost and complexity. To succeed, they’ll need a quality portfolio toolkit and a connected technology architecture, writes BlackRock’s James Verner.
Apac buy-side firms embrace AI and automation to bolster the business
How Apac buy-side firms are using AI, APIs and automation to transform investment workflows