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Perseus goes live with wireless connections between financial markets in the London metro

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2 December 2013
United Kingdom

-       First high-speed wireless network connects financial markets from Slough to Basildon in the UK

-       New wireless microwave technology providing a 40% reduction in latency

LONDON – 02 DECEMBER 2013- Perseus Telecom, a leading provider of high-speed global connectivity, High Precision Time™ and market-to-market networks today announced a new wireless service that connects the London based financial markets of NYSE Euronext, BATS Chi-X, London Stock Exchange, London Metal Exchange, iCap EBS and Thomson Reuters.

In October 2012, Perseus was first to offer a commercial wireless service between the markets of London and Frankfurt, while also being a leading operator of a fast fibre route. The wireless technology enabled network from London to Frankfurt measures in at 4.6ms RTD whereas the fastest fibre route comes in at 8.3ms RTD.  This new offering met a high demand among industry participants who purchased all of the initial capacity within a month of the service going live.

The Perseus London metro wireless network gives customers the ability to connect across the London metro as well as with the wireless network to Frankfurt. This innovation gives financial institutions a higher level of precision when using time-sensitive trading applications that go from market-to-market, sometimes hundreds of miles apart.

The Perseus London metro wireless service is available from the data centres of: London Stock Exchange and Thomson Reuters LHC, in the City of London; Equinix LD4 in Slough and the NYSE Euronext data centre in Basildon.

The use of microwave technology was chosen for building the Perseus London metro wireless network as it better performs in weather conditions particular to London. This service offers a high 99% availability with customers further assured of availability through a Perseus fibre solution running in tandem and thus extending total network availability to 100%.

Elaborating on today’s ground breaking announcement, Dr. Jock Percy, CEO of Perseus Telecom said, “Connecting the London exchanges wirelessly is a significant milestone for the industry and the market. We are also very excited to bring this network together with our microwave connections to Frankfurt currently the fastest as well as with QuanTA™ our fastest trans-Atlantic product.” Percy concludes, “Global multi-asset trading customers can now benefit from having the fastest market-to-market connections between Frankfurt, London, New York and Chicago.”

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About Perseus Telecom

Perseus Telecom is an award winning global facilities based licensed carrier of enterprise and telecommunications services with a focus on ultra-low latency global connectivity. Perseus provides many of the world’s fastest market-to-market routes between Chicago, New York, London, Frankfurt, Brazil and Mexico. The company was recently awarded for the fastest trans-Atlantic route between New York and London (QuanTA™) and Brazil and USA (LiquidPath®). Perseus has also been operating the fastest routes between London and Frankfurt over its wireless microwave service since October 2012.

For more information about Perseus, please visit www.perseustelecom.com or contact us at +1 (212) 300-6813 or sales@perseustelecom.com

PRESS CONTACT:

Dan Watkins

+1 (347) 394-3068

marketing@perseustelecom.com

News article details

Media Type
In the News, Press Releases