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
The total portfolio approach gains momentum: Building the right tech foundation for success
The rationale for the TPA, and the crucial role technology plays in enabling such an approach
Google, CME say they’ve proved cloud can support HFT—now what?
After demonstrating in September that ultra-low-latency trading can be facilitated in the cloud, the exchange and tech giant are hoping to see barriers to entry come down.
Institutional priorities in multi-asset investing
Private markets, broader exposures and the race for integration
BlackRock and AccessFintech partner, LSEG collabs with OpenAI, Apex launches Pisces service, and more
The Waters Cooler: CJC launches MDC service, Centreon secures Sixth Street investment, UK bond CT update, and more in this week’s news roundup.
TCB Data-Broadhead pairing highlights challenges of market data management
Waters Wrap: The vendors are hoping that blending TCB’s reporting infrastructure with Broadhead’s DLT-backed digital contract and auditing engine will be the cure for data rights management.
Robeco tests credit tool built in Bloomberg’s Python platform
This follows the asset manager’s participation in Bloomberg’s Code Crunch hackathon in Singapore, alongside other firms including LGT Investment Bank and university students.
FCA eyes equities tape, OpenAI and Capco team up, prediction markets gain steam, and more
The Waters Cooler: More tokenization, Ediphy lawsuit updates, Rimes teams up with Databricks, and more in this week’s news roundup.
Buy-side data heads push being on ‘right side’ of GenAI
Data heads at Man Group and Systematica Investments explain how GenAI has transformed the quant research process.