First provider to offer market-to-market commercial wireless services in Europe; Responds to increasing demand for wireless network connectivity in high-precision-trading
LONDON, Feb. 25, 2013 /PRNewswire/ – Perseus Telecom, a leading provider of ultra-low latency, high capacity global networks, today announced its live commercial wireless service in Europe, offering ultra-low latency, high availability and reliability.
Having launched the service in October 2012, Perseus was first to provide microwave ultra-low latency services to trading firms between the two major European markets of London and Frankfurt. The Perseus wireless service is proprietary, managed and operated by Perseus Telecom and its technology partners. In response to increasing demands from a client base comprised of top trading firms, Perseus launched the wireless service to deliver lower latency for firms trading strategic parts of the market.
"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," states Dr. Jock Percy, CEO of Perseus Telecom. "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 fibre network route, promising high availability."
The market-to-market Perseus wireless service offers connections between:
- NYSE Euronext and Liffe in Basildon and Deutsche Bourse 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 Bourse and Eurex in Frankfurt
The Perseus microwave network offers customers the lowest round trip delays (RTDs) and top service level agreements (SLAs) in the market. The current Perseus connection between NYSE Basildon and Eurex/Deutsche Bourse Frankfurt is less than 4.6ms RTD.
Perseus customers take advantage of a fair pricing structure due to evergreen clauses that allow customers to benefit from latency enhancements without incurring additional cost. Perseus maintains a strict SLA policy and manages bandwidth to accommodate a specific number of customers at optimal service levels. With carefully designed routes to accommodate distance and weather conditions, the Perseus wireless service is augmented by its award-winning fibre network – essentially providing clients with 100% uptime overall and 99% uptime with wireless.
"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. We're pleased to publicly announce this innovation and look forward to seeing how the application of technology can transform the trading landscape for our customers and the markets we serve."
Notes to the Editors
About Perseus Telecom
Perseus Telecom is an award winning global provider and facilities based licensed carrier of enterprise and financial telecommunications with a focus on ultra-low latency networks. In addition to the fastest route between USA and Brazil, Perseus Telecom recently announced the fastest trans-Atlantic route in April 2012, named QuanTA. The company also connects Asia-Pac and Europe with significant points of presence in Tokyo, Singapore, Sydney, Hong Kong, London, Frankfurt, Stockholm, Moscow, Madrid, Milan and Dublin. Perseus Telecom works with the world's leading fibre assets and technologies to provide cost effective, efficient and valuable network solutions for its customers. Perseus Telecom Customers include: Banking, Trading, Finance, Fund Management, Broadcast Media and Entertainment Companies, Law Firms and Capital Partnerships, Global Manufacturers and Pharmaceutical Companies. The management team has decades of experience in major Tier 1 carrier companies and operates from offices in London, Dublin, New York, Chicago and Sao Paulo. For more information on Perseus Telecom, go to www.perseustelecom.com.