Perseus Telecom, a New York-based low latency network provider, has formally announced a microwave service in Europe, which launched in October.
"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."
More from Buy Side Technology
Updating your subscription status
Winner's Announced: Buy-Side Technology Awards 2014
The winners of the 8th annual Buy-Side Technology Awards 2014 were announced in London on November 7, recognizing the leading technologies and vendors in their area of expertise, through an auditable and transparent methodology . To view the winners across the 31 categories click here.
The catalyst for change in client reporting is a more empowered, digitally aware consumer. Excellence of service delivery will be key to investment managers...
Without a consistent source of data and limited functionalities in existing systems, firms are unable to perform tasks that are becoming increasingly important...